On March 30, 2021, GreenSpace Brands Inc. completed a private placement of 49,285,714 units at a price of $0.07 per unit for gross proceeds of approximately $3.45 million, which includes the exercise of the agents’ over-allotment option. Each unit consists of one common share and one-half of one common share purchase warrant in GreenSpace. Each warrant entitles the holder to purchase one common share at a price of $0.10 for up to 24 months from the date of issuance.
The offering was conducted by a syndicate of agents led by Canaccord Genuity Corp. and including PI Financial Corp. and Richardson Wealth Limited.
Cassels acted for the agents.