CannTrust Holdings, the parent of Canadian licensed producer CannTrust, has filed a preliminary prospectus detailing its offering of 12.5841mm Special Warrants at $2 per warrant, for $25.2mm in gross proceeds. The securities were issued in February, with Bloom Burton Securities acting as placement agent for 9.9065mm warrants and the balance sold concurrently by the company. The securities will be redeemed for common shares either after February 16, 2018 or earlier if the shares are approved for listing on a recognized exchange. The company last raised capital in December at $1.30 per share, selling 3.4mm shares.
CannTrust’s $25.2mm raise was featured in the New Cannabis Ventures. Read the full article here.