00:24:52 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Bevcanna Enterprises Inc (3)
Symbol BEV
Shares Issued 4,827,270
Close 2024-04-05 C$ 1.62
Market Cap C$ 7,820,177
Recent Sedar Documents

Bevcanna closes $100,000 sixth tranche placement

2024-04-05 17:33 ET - News Release

An anonymous director reports

BEVCANNA ANNOUNCES CLOSING OF PROMISSORY NOTE TRANCHE

Further to its previously disclosed news releases, Bevcanna Enterprises Inc.'s wholly owned subsidiary, Naturo Group Enterprises Inc., has closed the sixth tranche of its private placement financing of secured promissory notes for gross proceeds of $100,000. Each note matures 12 months from the closing date and bears interest of 15 per cent per annum, which interest was paid on closing and deducted from the gross proceeds of the notes. The notes are secured against all of Naturo's present and after-acquired personal property excluding Naturo's intellectual property.

The company intends to use the net proceeds from the note offering for outstanding payables and general working capital purposes. No finders' fees were paid in connection with the closing of the third tranche of the note offering. The company intends to close one or more additional tranches of the note offering.

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-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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