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Tag Archives: Global Canna Labs

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LGC Capital receives final approval bulletin from the TSX Venture Exchange for its investment in Global Canna Labs

LGC Capital receives final approval bulletin from the TSX Venture Exchange for its investment in Global Canna Labs
Sept. 20, 2018 /CNW Telbec/ - LGC Capital Ltd. (TSXV: LG) ("LGC") is pleased to announce that it has today received the final approval bulletin from the TSX Venture Exchange in respect of LGC's investment into Global Canna Labs Limited ("GCL") in Jamaica which closed on August 30, 2018.  As previously announced, LGC subscribed for a $2.5 million secured debenture, convertible into an initial 30% strategic interest in GCL and also acquired a 5% royalty on GCL's net sales for $2.0 million, payable by way of 15,854,141 shares of LGC.  The transaction is now fully completed.
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LGC Capital’s leading Jamaican Medical Cannabis Company, Global Canna Labs, to plant 220,000 square feet of “premium” Jamaican cannabis over the next 6 weeks and also announces formal Jamaican deal closing

LGC Capital’s leading Jamaican Medical Cannabis Company, Global Canna Labs, to plant 220,000 square feet of “premium” Jamaican cannabis over the next 6 weeks and also announces formal Jamaican deal closing
 LGC Capital Ltd. (TSXV: LG) ("LGC") is pleased to announce the formal closing in trust of its previously announced transformational investment in Jamaican based medical cannabis licensed producer, Global Canna Labs Limited ("GCL") and announces a significantly expanded planting program from previous guidance.
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