22:29:22 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Bevcanna Enterprises Inc (2)
Symbol BEV
Shares Issued 61,441,210
Close 2024-01-22 C$ 0.045
Market Cap C$ 2,764,854
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Bevcanna arranges $2-million private placement

2024-01-22 20:10 ET - News Release

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.

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