Mr.
John Campbell reports
BEVCANNA ANNOUNCES PROMISSORY NOTE FINANCING
In line with Bevcanna Enterprises Inc.'s continued efforts to strengthen its working capital position, the
company's wholly owned subsidiary, Naturo Group Enterprises Inc., is proceeding with a
private placement financing of secured promissory notes to raise up to $2-million. Each note matures 12 months from closing date and bears interest of 15 per cent per
annum, payable on closing. The notes will be secured against all of Naturo's present and after-acquired
personal property, excluding Naturo's intellectual property. The company intends to use the proceeds
raised from the note offering for outstanding payables and general working capital purposes. The
company may pay finders' fees on the gross proceeds to eligible finders in cash.
About Bevcanna Enterprises Inc.
Bevcanna Enterprises is a diversified lifestyle and wellness
consumer packaged goods company. Bevcanna develops and manufactures a range of alkaline,
mineralized and cannabinoid beverages and supplements for both in-house brands and white-label
clients.
Based in British Columbia, Canada, Bevcanna owns a pristine alkaline spring water aquifer and a high-capacity, 40,000-square-foot, Health Canada- and HACCP (hazard analysis and critical control points) certified flexible manufacturing facility in
Osoyoos, B.C. The company's extensive distribution network includes traditional and
regulated retail distribution, and on-line through its market-leading brands.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.