Connect with us

News

SpeakEasy Announces Closing of $4,302,500 Million Non-Brokered Private Placement

ROCK CREEK, BC, Feb. 16, 2021 /CNW/ – SpeakEasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (the “Company” or “SpeakEasy“) a holder of a federal licence to cultivate, process and sell cannabis under the Cannabis Act is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering“). The Company issued a total of 8,605,000 units (“Units“) at […]

The post SpeakEasy Announces Closing of $4,302,500 Million Non-Brokered Private Placement appeared first on CannabisFN.

Republished by Plato

Published

on



Ryan Allway

February 17th, 2021


ROCK CREEK, BCFeb. 16, 2021 /CNW/ – SpeakEasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (the “Company” or “SpeakEasy“) a holder of a federal licence to cultivate, process and sell cannabis under the Cannabis Act is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering“).

The Company issued a total of 8,605,000 units (“Units“) at a price of $0.50 per Unit for aggregate gross proceeds of $4,302,500.  Each Unit consists of one common share in the capital of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant entitles the holder to acquire an additional Common Share at a price of $0.70 for a period of 36 months from the closing of the Offering.

In connection with the closing of the Offering, the Company paid aggregate finder’s fees of approximately $200,550 and issued an aggregate of 401,100 finder warrants (the “Finder Warrants“) to eligible finders.  Each Finder Warrant entitles the holder to acquire one Common Share at a price of $0.70 for a period of 36 months from the closing of the Offering.

SpeakEasy intends to use the net proceeds from the Offering for working capital and general corporate purposes and the completion of our additional indoor grow facilities.

The securities issued by the Company under the Offering are subject to restrictions on resale in accordance with applicable securities laws.  These restrictions will expire on June 17, 2021.  The Offering is subject to final acceptance by the CSE.

Warrant Extensions

On March 8, 2019, the Company closed a private placement for aggregate gross proceeds of $8,250,000 (the “March 2019 Private Placement“). The March 2019 Private Placement consisted of the issuance of 16,500,000 units of the Company (the “March 2019 Units“) at a price of $0.50 per March 2019 Unit.  Each March 2019 Unit consisted of one Common Share and one Common Share purchase warrant (a “ March 2019 Warrant“). Each March 2019 Warrant entitled the holder to acquire an additional Common Share at a price of $1.00 for a period of 24 months from closing. In accordance with the policies of CSE, the Company has extended the expiry date of the March 2019 Warrants for an additional 12 month period, such that the new expiry date of the March 2019 Warrants will be March 8, 2022.

On April 24, 2019 and April 25, 2019, the Company closed a private placement for aggregate gross proceeds of $7,490,501.20 (the “April 2019 Private Placement“). The April 2019 Private Placement consisted of the issuance of 11,523,848 units of the Company (the “April 2019 Units“) at a price of $0.65 per April 2019 Unit.  Each April 2019 Unit consisted of one Common Share and one Common Share purchase warrant (a “ April 2019 Warrant“). Each April 2019 Warrant entitled the holder to acquire an additional Common Share at a price of $1.00 for a period of 24 months from closing. In accordance with the policies of CSE, the Company has extended the expiry date of the April 2019 Warrants for an additional 12 month period, such that the new expiry date of the April 2019 Warrants will be April 25, 2022.

About SpeakEasy Cannabis Club Ltd.:

SpeakEasy Cannabis Club Ltd. holds a cultivation, processing and amended sales licence issued by Health Canada under the Cannabis ActSpeakEasy owns 290 acres of land in Rock Creek, British Columbia, and leverages five generations of farming experience in B.C. as well as its favourable location to grow and process high-quality cannabis products at low cost. SpeakEasy cultivates small batch, high quality craft cannabis at scale in its 63,200 square foot indoor cannabis complex and has successfully completed its first harvest of its 60-acre outdoor field.

On Behalf of the Board of Directors
Malcolm Davidson, CEO

Statement Regarding Forward-Looking Information

This news release contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause SpeakEasy’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking statements in this document include statements concerning SpeakEasy’s intended use of proceeds from the Offering, its intent to produce and sell high quality craft cannabis and all other statements that are not statements of historical fact.

Although SpeakEasy believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; COVID-19, adverse industry events; future legislative and regulatory developments involving cannabis; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the cannabis industry in Canada and generally; the ability of SpeakEasy to implement its business strategies; competition; the ability of SpeakEasy to obtain all applicable licenses, including those from Health Canada, and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

The Canadian Securities Exchange has not approved nor disapproved the contents of this news release.

SOURCE Speakeasy Cannabis Club Ltd.

For further information: Malcolm Davidson, CEO, [email protected], 1-604-218-9797

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

Ryan Allway

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


Source: https://www.cannabisfn.com/speakeasy-announces-closing-of-4302500-million-non-brokered-private-placement/

News

Rest In Peace, Peggy Noonan: Rebel, Businesswoman, Certified Cannabis Trailblazer

Peggy Noonan, founder of the Arizona-based edibles company Copia, has passed away.

Republished by Plato

Published

on

The cannabis world has its flags at half mast today, as we say goodbye to legendary member of the cannabis community, Peggy Noonan.

Peggy Noonan was best known as CEO and founder of Copia, formerly known as Cornucopia Health and Wellness, an Arizona-based edibles company that helped pave the way for legal cannabis and high-quality products in her home state. She passed away on April 10 following four years of coping with a leukemia diagnosis.

For the past 10 years, Noonan has been focused on helping build Copia, a company that can boast the first scratch-made edibles kitchen in Arizona and famous for their wittily named and tasty products like OGeez! Gummies, K.I.N.D. concentrates, Weedish Fish, German chocolate brownies, and a line of Tommy Chong cannabis. Noonan left her mark on the cannabis industry with the creative and prolific work she did. 

“For those who knew my mother, it goes without saying that she loved this company and the Arizona community, and bringing the passion she put into the company to others,” said Bran Noonan, who will step into Peggy’s former role in the company, according to a press release. “My mother possessed an unmatched entrepreneurial spirit, and as the company moves through 2021 and beyond, we will do so in her honor and by continuing to build upon her legacy.” 

Bran will bring over a decade of industry experience to the table, as well as unique skills he developed in his history as a commercial and business lawyer.

Peggy Noonan first went public with her acute myeloid leukemia diagnosis in 2017, and since then, has been fighting the debilitating disease.

Peggy Noonan: From Drug Runner To CEO

While Noonan’s obituary for the most part reads like most successful cannabis folks gone too soon, there’s a definite twist of rebellion. Before cannabis became legal in Arizona, she was a drug dealer, running drugs between the U.S. and Mexico. This illegal business venture landed her behind bars in Mexico and then on federal probation back in Arizona. However, she left that life behind eagerly to join the legal industry and make an honest living through gummies, brownies, and tinctures.

“It was pretty wild, life coming full circle,” Noonan said regarding her history in the industry and how it contrasts with where she ended up. 

In 2017, the same year she was diagnosed with cancer, Noonan changed the name of the company from Cornucopia Health and Wellness to Copia, a rebrand that will help her organization stay current and her name to live on.

“I especially want to acknowledge and thank everyone in the MMJ Community for your care, kind texts, and support—and particularly, your creation of Team Peggy with T-shirts,” she said in her thank-you letter the community. “You have been extraordinary, and It has made a profound difference in my fight against cancer. You have all been part of the tremendous success of my ongoing treatment and recovery.

“My health and business have been inspired by this fast, furious and mind-blowing experience. And what I chose to put in the Universe from the moment of diagnosis and moving forward is to be Magic and Miracles, Health, Love and Light.”

Peggy Noonan will be missed in the wonderful world of legal weed, but she will not be forgotten, as her contributions from before cannabis became legal up through the successful company she started will continue to live on. 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://hightimes.com/news/peggy-noonan-rebel-cannabis-trailblazer/

Continue Reading

News

Sugarbud Announces Launch of Trading on the US OTCQB Venture Market

CALGARY, Alberta, April 13, 2021 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR, SUGR.WS, SUGR.WT) (OTCQB: SBUDF) (“Sugarbud” or the “Company“) is pleased to announce that after successfully completing the application process, the Company has been approved by FINRA for quotation in the U.S. The Company’s common shares have been upgraded from […]

The post Sugarbud Announces Launch of Trading on the US OTCQB Venture Market appeared first on CannabisFN.

Republished by Plato

Published

on



Ryan Allway

April 13th, 2021


CALGARY, Alberta, April 13, 2021 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR, SUGR.WS, SUGR.WT) (OTCQB: SBUDF) (“Sugarbud” or the “Company“) is pleased to announce that after successfully completing the application process, the Company has been approved by FINRA for quotation in the U.S. The Company’s common shares have been upgraded from the OTC® Pink Open Market to the OTCQB Venture Market effective today, April 13th, 2021, at the opening of the market under the stock symbol “SBUDF” and will remain listed on the TSX Venture Exchange under the ticker symbol “SUGR”. The Company is also in the process of completing its application for eligibility with the Depository Trust Company (“DTC”).

“Being quoted on the OTCQB market will significantly enhance our visibility and make the Company accessible to a much broader range of U.S. investors. The quotation on the OTCQB market is expected to increase liquidity by providing current and potential investors with a transparent and easily accessible trading platform where they can find Real-Time quotes and market information on the Company,” stated Sugarbud CEO, John Kondrosky.

READ CORPORATE INVESTOR DECK HERE

The OTCQB Venture is the premier marketplace for companies that are committed to providing a high-quality trading and information experience for their U.S. investors. Qualifying for approval to trade on the OTCQB requires a company to be current on disclosure obligations, to pass a minimum bid price test, and to provide an annual company verification and management certification process. The OTCQB quality standards create a solid baseline of transparency, as well as the technology to improve the information and trading experience for investors.

The Company also announces that, pursuant to the terms and conditions of its stock option plan, it has granted a total of 12,800,000 stock options to purchase common shares of Sugarbud (“Shares”) to certain directors, officers and advisors of Sugarbud. The options expire five years from the date of grant and are exercisable at a price of $0.05 per Share. The options vest as to one third on the grant date and one third on each of the first and second anniversaries of the grant date.

The Company also announces that it has entered into shares for services agreements with certain directors and an advisor of the Company, pursuant to which Sugarbud will issue a total of 2,650,000 Shares at a deemed price of $0.05 per Share in satisfaction of accrued portions of the cash retainers owing to such persons in the aggregate amount of $132,500 (the “Transaction“). The Shares to be issued in connection with the Transaction will represent approximately 0.47% of the issued and outstanding Shares of Sugarbud on a post-Transaction basis.

The Transaction is considered a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements of MI 61-101 on the basis that the fair market value of the Shares issued under the Transaction does not exceed 25% of the market capitalization of the Company.

The Transaction is subject to the approval of the TSX Venture Exchange (the “TSXV”) and the Shares issued in connection therewith will be subject to a statutory 4-month hold period.

About Sugarbud

Sugarbud is an Alberta-based, consumer-driven boutique craft cannabis company focused on the cultivation and production of superior, select-batch, craft cannabis products. Our vision and mission are to become a trusted and well-respected consumer brand renowned for providing exceptional high-quality craft cannabis products to legal markets by delighting the most discerning of cannabis consumers.

The Sugarbud Craft Cannabis Collection offers consumers “Hand-Crafted Cannabis for a New Era”. The Company is proudly Albertan and is proud to share Western Canada’s long tradition of exceptional craft cannabis with the most discerning of enthusiasts. Sugarbud strives to define the intersection of product craftsmanship, quality, and value for consumers in the Canadian craft cannabis space.

Investor Relations Contact
Chris Moulson
Chief Financial Officer
Sugarbud Craft Growers Corp.
Tel: (778) 388-8700
E-mail: [email protected]

Websites:
http://www.sugarbud.ca/

Address: Suite 620, 634 – 6th Avenue S.W., Calgary, Alberta T2P 0S4

Forward Looking and Cautionary Statements

This news release contains forward-looking statements. More particularly, and without limitation, this news release contains statements concerning: Sugarbud’s assessment of future plans and operations and the Transaction, including TSXV approval. When used in this document, the words “will,” “anticipate,” “believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by Sugarbud. Forward-looking statements are subject to a wide range of risks and uncertainties, and although Sugarbud believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to: currently contemplated expansion and development plans may cease or otherwise change; production of cannabis may be lower than expected, Sugarbud may not obtain the required approvals from Health Canada, including with respect to an amended sales license; demand for Sugarbud’s products may be lower than anticipated; results of production and sale activities; results of scientific research; changes in prices and costs of inputs; demand for labour; demand for products; failure of counter-parties to perform contractual obligations; failure to maintain consumer brand recognition and loyalty of customers; reliance on relationships with wholesalers and retailers for distribution of products and failure to maintain strategic business relationships; intense competition, including from illicit sources; uncertainty and continued evolution of markets; product liability litigation; reliance on information technology; infringement on intellectual property; failure to benefit from partnerships; sensitivity of end-customers to increased sales taxes and economic conditions; failure to comply with certain regulations; departure of key management personnel or inability to attract and retain talent; actions and initiatives of federal and provincial governments and changes to government actions, initiatives and policies and the execution and impact thereof; the ability to implement corporate strategies; the state of domestic capital markets; the ability to obtain financing; changes in general market conditions; industry conditions and events; the size of the medical marijuana market and the recreational marijuana market; government regulations, including future legislative and regulatory developments involving medical and recreational marijuana; construction delays; risks inherent in the agricultural business, such as insects, plant diseases and similar agricultural risks which can have a significant impact on the size and quality of the harvest of cannabis crops; competition from other industry participants; and other factors more fully described from time to time in the reports and filings made by Sugarbud with securities regulatory authorities. In addition, the Company cautions that current global uncertainty with respect to the spread of the COVID-19 virus and its effect on the broader global economy may have a significant negative effect on the Company. While the precise impact of the COVID-19 virus on the Company remain unknown, rapid spread of the COVID-19 virus may have a material adverse effect on global economic activity, and can result in volatility and disruption to global supply chains, operations, mobility of people and the financial markets, which could affect interest rates, credit ratings, credit risk, inflation, business, financial conditions, results of operations and other factors relevant to the Company. Please refer to Sugarbud’s most recent annual information form and management’s discussion and analysis for additional risk factors relating to Sugarbud, which can be accessed under Sugarbud’s profile on www.sedar.com. Except as required by applicable laws, Sugarbud does not undertake any obligation to publicly update or revise any forward-looking statements.

Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

Ryan Allway

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cannabisfn.com/sugarbud-announces-launch-of-trading-on-the-us-otcqb-venture-market/

Continue Reading

News

Cannabis Packaging Waste Is A Problem. A California Dispensary Is Addressing It

Airfield Supply Co. has partnered with CannaCraft and Resynergi to address the growing problem of waste from plastic cannabis packaging.

Republished by Plato

Published

on

A California dispensary is calling attention to the environmental impact of cannabis packaging waste with a campaign that encourages customers to help recycle some of the industry’s plastic into diesel fuel. And to thank the company’s clientele for its support, customers who bring in plastic packaging from cannabis products into Airfield Supply Co. of San Jose, California will get a special reward for their trouble.

The problem of plastic waste is not a new one, Airfield Supply Co. noted in a press release about the campaign, which was planned for the run-up to the 4/20 cannabis high holiday. Approximately 6.3 billion tons of plastic have been produced worldwide in the last 60 years, but only 9% of that total has been recycled. And each year, about 300 million pounds of cheap plastic waste is generated, with about 8 million pounds of it ending up in the world’s oceans.

Unfortunately, the legal cannabis industry has become a significant contributor to the problem of plastic packaging waste. Because of strict regulations governing how cannabis products must be packaged, many end up being marketed in much more plastic than is really necessary.

Child-resistant and tamper-evident packaging is mandatory in California but often that means brands use extra plastic to achieve compliance, and that contributes a massive volume of single-use plastic, including some 2 million single-joint tubes to the state’s waste stream and landfills each year,” Airfield Supply Co. chief marketing officer Chris Lane said in a statement from the company. 

Be A Part Of The Solution. Recycle Your Cannabis Packaging

To help address the issue, Airfield has partnered with Sonoma County cannabis manufacturer CannaCraft, recycling innovator Resynergi, and other licensed brands to turn plastic cannabis packaging into diesel fuel. During the week leading up to 4/20 (April 13 through April 20), customers who bring plastic packaging from a cannabis product to recycle will receive a coupon to purchase a specially designated product for only 10 cents with a dispensary purchase of $25 or more. Members of the cannabis community are encouraged to recycle as much clean cannabis packaging as possible, but coupon distribution is limited to one per customer per day of the campaign.

“Our intent is to entice customers during the week of 4/20 to bring in cannabis waste by offering a coupon for those who do to get a $.10 special item,” said Lane.

Ten-cent gift coupon choices available for customers who participate in the campaign include a single Cann infused beverage, full-sized tins of PLUS cannabis gummies, half-gram ABX vape cartridges, half-gram Jetfuel pre-rolls, single Big Pete infused cookies, one gram Pure Beauty pre-rolls, Papa & Barkley Releaf samples, Select Nano gummies, and more. Lane said that the company hopes the incentives will encourage them to make recycling a part of their lifestyle.

“We want to see what we can achieve when we motivate our base to participate, raise more general awareness for recycling efforts and try to drive more adoption of recycling practices,” he said. “Our goal is always to use our voice to drive positive change, for the environment and the community. Every piece of plastic recycled is a step in that right direction.”

The participating cannabis brands have all agreed to drop their wholesale cost of the products for the promotion to only 10 cents, “which is a significant wholesale discount, and really speaks to their willingness to drive sustainable action in the cannabis community,” said Lane.

“CannaCraft is happy to discount our ABX products to call attention to the plastic crisis plaguing our environment, communities, and now the cannabis industry. We began working on these recycling programs with Resynergi and dispensaries in 2019 when California regulations required additional child-resistant packaging for cannabis products,” Jim Hourigan, CannaCraft CEO said in an email to High Times. “We hope that by encouraging and incentivizing customers to recycle this packaging, we can get the industry in the habit of making responsible choices that benefit all of us as well as the planet.” 

Airfield Supply Co. estimates that if only a third of the customers who visit the dispensary during the campaign participate in the recycling effort, 250 pounds of plastic cannabis packaging waste can be collected and recycled, enough to produce 25 gallons of diesel. So, if you’re in the Bay Area, need some weed, and have plastic cannabis packaging laying around, here’s your chance to get a quality California cannabis treat for only a dime. Not a bad deal!

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://hightimes.com/news/california-news/dispensary-cannabis-packaging-waste/

Continue Reading
Uncategorized2 days ago

Halo Collective Announces New Appointment to Board of Directors and Completes Securities Issuance to Independent Consultants, Related Parties, and Suppliers

Metal2 days ago

Registration open for IHEA annual meeting

News5 days ago

CBD News Roundup: Canadian CBD Payment Processor Launches Platform in US

Heartland4 days ago

CBD Shopping Guide 2021

Heartland4 days ago

Heartland4 days ago

Heartland4 days ago

Day two on CBD.

Heartland4 days ago

Heartland4 days ago

Heartland4 days ago

Cannabis with a Conscience

Heartland4 days ago

Heartland5 days ago

Heartland4 days ago

Cultivation Of Hemp In Spain Increases Eightfold Since 2016

Heartland4 days ago

Heartland4 days ago

Hemp Seed Peptide Market Intelligence Study for Comprehensive Insights

Heartland4 days ago

Heartland4 days ago

Heartland4 days ago

Manufacturing5 days ago

Look at Mercedes-Benz manufacturing, EQA Electric Vehicle Production Line. The Mercedes-Benz EQA is an all-electric subcompact luxury crossover SUV produced by Mercedes-Benz. It is part of the EQ family, a range that will expand to include 10 new models by 2022.

Heartland5 days ago

Heartland4 days ago

RAB arrests drug dealers, recovers yaba, hemp

Manufacturing5 days ago

The Shortages Continue to Mount

Heartland4 days ago

Metal5 days ago

Carbon fiber wind turbine blades could reduce cost

Heartland4 days ago

Heartland5 days ago

Impact Of Covid 19 On Hemp Concrete Market 2021 Industry Challenges Business Overview And …

Heartland4 days ago

Heartland2 days ago

Asia Pacific IoT command centre to be established in Adelaide

Heartland4 days ago

Day two on CBD.

Heartland4 days ago

Trending

A Cloud Nine Capital Entity Copyright © 2020 – All Rights Reserved Proudly Made in America