18:21:12 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Glow Lifetech Corp
Symbol GLOW
Shares Issued 57,108,546
Close 2023-12-14 C$ 0.045
Market Cap C$ 2,569,885
Recent Sedar Documents

Glow Lifetech arranges $250,000 private placement

2023-12-15 17:27 ET - News Release

Mr. James Van Staveren reports

GLOW ANNOUNCES NON-BROKERED PRIVATE PLACEMENT; FACILITATING PRODUCT DELIVERY AND REVENUE GENERATING ACTIVITIES

Glow Lifetech Corp. has arranged a non-brokered private placement financing for gross proceeds of up to $250,000 through the issuance of up to five million units in the capital of the company at a price of five cents per unit. Each unit shall comprise one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of seven cents per common share for a period of 18 months from the date of issuance. The company intends to use the gross proceeds from the offering for general working capital purposes, general and administrative expenses, and expenditures related to production and manufacturing.

Closing of the offering is subject to receipt of all necessary corporate and regulatory approvals. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

Recent company updates

Glow recently announced new product listings with the Ontario Cannabis Store, expanding on its recently launched MOD drops portfolio and also its first shipment of .decimal precision-dosed, fast-acting capsules. The two new products recently launched in Ontario are:

  • MOD THC Lime Drops, water-soluble drops with a burst of natural lime flavour, quick onset and zero sugar. Each bottle contains 60 milligrams of THC. Packaged in an easy-to-dose squeeze dropper bottle, where one drop equals one-milligram THC;
  • .decimal CBD 20 mg -- 90 capsules, precisely dosed capsules with 20 mg of CBD featuring rapid onset powder technology to deliver a faster-acting, targeted and controlled cannabis experience. Each pack contains 90 by 20 mg capsules, perfect for those seeking a daily, discreet and precision-dosed ingestible product.

The new products have successfully launched and are currently available in select Ontario retail locations and on-line at the OCS website in time for the holiday season.

MOD drops are water-soluble cannabis extract drops with a burst of natural flavour (or flavourless versions), quick onset and zero sugar. Packaged in a compact easy-to-dose squeeze dropper bottle, where one drop delivers one mg of cannabinoids, MOD gives consumers the freedom to customize your cannabis experience, your own way, whenever, wherever. It features Glow's 100-per-cent natural MyCell rapid onset technology for faster, more consistent absorption and virtually no bitter tastes. MOD is setting a new standard for a more enjoyable and effective cannabis experience you can feel good about.

.decimal is an innovative new brand of precisely dosed capsules featuring Glow's rapid onset powder technology to deliver a faster-acting, targeted, and controlled cannabis experience. .decimal capsules are formulated with Glow's patent-pending cannabis powder extract to deliver a precise and predictable dose, every time, with faster absorption in the body, unlike conventional oil-based soft-gels. .decimal is made with only plant-based ingredients, fast-dissolving vegan capsules.

About Glow Lifetech Corp.

Glow Lifetech is a Canadian-based biotechnology company focused on producing nutraceutical and cannabinoid-based products with dramatically enhanced bioavailability, absorption and effectiveness. Glow has rights to the groundbreaking, plant-based MyCell Technology delivery system, which transforms poorly absorbed natural compounds into enhanced water-compatible concentrates that unlock the full healing potential of the valuable compounds.

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