- Private placement closed at $1.8 million, higher than the initial target of $1.75 million
- Proceeds will be used to develop and enhance Wildflower’s manufacturing capability in Washington State; this development will give the company a better chance to address the growing market demand for its products
- Over the years, Wildflower has established a solid distribution network across the U.S., and the company also registered significant growth through its direct-to-consumer online store
Vancouver-based cannabis company Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) recently announced that it has closed a previously detailed placement of units at a price of C$0.54 per unit. A unit consists of one common share and a half of one share purchase warrant. The placement was closed with aggregate proceeds of up to $1,882,000 – higher than the initially announced target of $1.75 million (http://nnw.fm/shK9B).
All the proceeds of the financing will be used to build and enhance the company’s manufacturing capability in Washington State so as to…
NOTE TO INVESTORS: The latest news and updates relating to WLDFF are available in the company’s newsroom at http://nnw.fm/WLDFF
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