Planet 13 Holdings (CSE: PLTH) (OTCQB: PLNHF), a vertically integrated cannabis company based in Nevada, recently announced its entry into an agreement with a syndicate of underwriters, co-led by Beacon Securities Limited and Canaccord Genuity Corp., pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 4,060,000 units in the capital of the company, each at a price of $3.70. According to the update, Planet 13 will secure aggregate gross proceeds of $15,022,000 in the offering (all figures are in Canadian dollars unless otherwise stated), of which it intends to use the net proceeds for working capital and general corporate purposes. Subject to completion of formal documentation and receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange, the offering is expected to occur on or about September 10, 2020.
To view the full press release, visit http://nnw.fm/xmSOd
About Planet 13
Planet 13 is a vertically integrated cannabis company based in Nevada, with award-winning cultivation, production and dispensary operations in Las Vegas – the entertainment capital of the world. Planet 13’s mission is to build a recognizable global brand known for world-class dispensary operations and a creator of innovative cannabis products. Planet 13’s shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and OTCQX under the symbol PLNHF. For more information, visit the company’s website at www.Planet13Holdings.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
