Ms. Tanvi Bhandari reports
1CM INC. ANNOUNCES A $5,000,000.00 PRIVATE PLACEMENT
1CM Inc. has arranged a $5-million private placement to issue 3,333,333 common shares in the capital of the company at a price of $1.50 per share for total gross proceeds of up to $5-million in a non-brokered private placement to certain accredited investors. A total of $3-million of the $5-million private placement has been completed. The company expects the balance to be completed within 30 days. Total gross proceeds raised from the closing of the private placement will be used for general corporate purposes and acquisitions, and all securities issued are subject to a statutory four-month hold period.
About 1CM Inc.
1CM is a multijurisdictional, multidimensional cannabis company focused on its retail customers and technology to democratize cannabis markets. The company's vision is to be a leading cannabis company globally with solutions that add value to consumers and companies. The company is focused on expanding its current operations through organic growth and by way of merger and acquisition transactions.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.