Toronto, ON – Cannabis Growth Opportunity Corporation (“CGOC”, or the “Company”) (CSE: CGOC), a cannabis focused investment corporation with both public and private cannabis holdings, announces that Green Relief Inc. (“Green Relief”), one of its private holdings, is offering $45,000,000 of Special Warrants (“Special Warrants”), by way of Private Placement (the “Offering”). The proceeds will be used for expansion of the Company’s growing capacity and for working capital and general corporate purposes. Green Relief is also in the process of making an application for the listing of its common shares on the Canadian Securities Exchange (“CSE”), in late 2018 or early 2019, subsequent to the completion of the Offering.
CGOC invested in Green Relief on April 26, 2018, by way of private placement. Founded in 2013, Green Relief is one of the only organizations in the world that uses aquaponics, resulting in fresh, pure medicinal cannabis products grown without harmful pesticides and fertilizers while not compromising quality or yields. This investment in Green Relief reflects CGOC’s commitment to actively managing a diverse portfolio of private and public cannabis companies to drive sustainable, long-term growth for its investors. For more information on Green Relief, please view their fact sheet:
Details of the Offering and Special Warrants to be Issued
Each Special Warrant shall be deemed to be exercised into one-half of one common share purchase warrant (a “Warrant”) and one common share (a “Common Share”) of the Company, at no additional cost, on the earlier of: (i) the date which is 5 business days following the issuance of a receipt for the Prospectus (as defined below) by the last of the securities regulatory authorities in the Qualifying Jurisdictions (as defined below), and (ii) the date which is 4 months and 1 day following the Closing Date, as defined below (the “Qualification Date”). Any Special Warrants which have not been exercised prior to the Qualification Date will be deemed to be exercised on the Qualification Date.
Each whole Warrant shall be exercisable to acquire one Common Share at a price of $5.00 per Warrant for a period of 24 months from the date of listing on the Canadian Securities Exchange.
For more information on the Offering, and to view the term sheet, please contact the lead agent, Integral Wealth Securities Ltd.
This Email Update is not an offer of securities for sale in the United States, and the securities described in this press release may not be offered or sold in the United States absent registration or an exemption from registration. The securities have not been and will not be registered under the United States Securities Act of 1933.
About Green Relief
Based in Hamilton, Ontario, Green Relief is a licensed producer under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR). Our mission is simple: help our patients improve their quality of life. We also envision furthering the science of medical cannabis through research and using cannabis to advance sustainable agriculture around the world.
For more information visit www.greenrelief.com
CGOC is an investment corporation that offers unique global exposure to the emerging global cannabis sector. CGOC’s main objective is to provide shareholders long-term total return through its actively managed portfolio of securities, both public and private, operating in, or that derive a portion of their revenue or earnings from products or services related to the cannabis industry.
For further information please contact:
Cannabis Growth Investment Corporation