- PACR private placement comprised of 8,333,333 units for possible gross proceeds of $1.5 million
- Funding to support Company’s continued progress in current, potential efforts
- An example of Pac Roots projects includes JV with Rock Creek Farms, which resulted in profitable first harvest that delivered 200% ROI
Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF) has announced a non-brokered private placement (https://cnw.fm/9VKYf) to strengthen its financial position as it focuses on the future of genetics and its commitment to quality over quantity. Headquartered in Canada, Pac Roots is dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach.
The announcement of the private placement noted that up to 8,333,333 units would be offered at CDN$0.18 per unit for a potential of $1.5 million gross proceeds for the Company. Each unit consists of one common share in the capital of the PACR along with one common share purchase warrant, which will entitle the warrant holder the right to acquire an additional common share at…
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