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Tag Archives: Total Gross Proceeds

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48North Accelerates Warrant Expiry Date, Gross Proceeds to the Company Total $13,568,570

48North Accelerates Warrant Expiry Date, Gross Proceeds to the Company Total $13,568,570
May 3, 2019 /CNW/ - 48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH), a vertically integrated cannabis producer focused on the development of next-generation cannabis products, previously announced that it had accelerated the expiry of certain common share purchase warrants ("Warrants"), bearing an expiration date of December 2, 2020. As a result, gross proceeds to the company total $13,568,570. Of the remaining outstanding 18,227,184 Warrants, 18,091,427 Warrants, representing 99.3% of the warrants available for exercise were exercised.
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48North Closes Previously Announced Bought Deal for Total Gross Proceeds of $28.75 Million

48North Closes Previously Announced Bought Deal for Total Gross Proceeds of $28.75 Million
48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH) is pleased to announce that the Company has closed its previously announced "bought deal" short form prospectus offering of units ("Units") of the Company ("Offering") for total gross proceeds of approximately $28.75 million, which included the exercise of the over-allotment option granted to the Underwriters (defined below) in full.
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