Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) to Raise C$20 Million through Unit Sale

September 27, 2018 09:17:04
  • A syndicate of underwriters is to purchase 3.8 million units at C$5.27 per unit
  • Sale terms are an amendment of previously announced agreement to sell 1.9 million units
  • Sunniva is closer to achieving full vertical integration in California with launch of Sunniva-branded product lines commencing in Q4 2018

Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), a vertically-integrated medical cannabis provider, aims to raise C$20 million through the sale of units of the company to a syndicate of underwriters spearheaded by Beacon Securities Limited and Canaccord Genuity Corp., according to a company press release (http://nnw.fm/q1sZw).

Sunniva announced that the syndicate will purchase 3.8 million units priced at C$5.27 per unit, an amendment of the previously publicized agreement which said that the syndicate was to buy 1.9 million units. Subject to the approval of the…

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