Mr. Michael Nadeau reports
SHINY HEALTH & WELLNESS EXTENDS PRIVATE PLACEMENT
Shiny Health & Wellness Corp. has received approval from the TSX Venture Exchange to extend the closing of its previously announced non-brokered private placement financing of units at a price of 10 cents per unit to Dec. 1, 2023. The company closed a first tranche of the offering on Oct. 4, 2023 (the first tranche), and anticipates that the second and final tranche closing will occur on or before Dec. 1, 2023. For more information on the offering and the first tranche, please see the company's press release dated Oct. 4, 2023.
The company intends to use the net proceeds of the offering for general working capital requirements, including to advance the company's cannabis line of business performance by increasing store inventory, and new store buildouts plus acquisitions.
The closing of the offering is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange. Finder's fees will be payable in accordance with the policies of the TSX-V. The unit shares, warrant shares and any common shares of the company that are issuable from any finder's warrants will be subject to a hold period of four months and one day following the closing date of the offering, in accordance with applicable securities laws.
About Shiny Health & Wellness Corp.
Shiny Health is on a mission to help people never settle and live fully by being a trusted source for health and wellness solutions and services. The company operates ShinyBud Cannabis Co., a well-established brand of adult-use dispensaries in Ontario strategically located in markets less saturated with cannabis retailers. Shiny Health trades on the TSX Venture Exchange under the ticker symbol SNYB.
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