It’s time for your Daily Hit of cannabis financial news for October 20th, 2020.
On the Site
Vangst Hosts Virtual Career Fair
Vangst is the cannabis industry’s leading recruitment platform, and they are hosting a virtual cannabis job fair next month. They already have over 3,000 job seekers and more than 50 leading companies looking to connect with each other. Job seekers can expect to talk with people from top companies like Cresco Labs, Flowhub, LeafLink, and Native Roots. The virtual fair begins on October 21st and goes until the 22nd.
In Other News
4Front Ventures Corp Announces C$15 Million Bought Deal Public Offering 4Front Ventures Corp. is pleased to announce that it has entered into an agreement with Beacon Securities Limited. The underwriters have agreed to purchase, on a bought deal basis, 21,430,000 units for aggregate gross proceeds to the company totaling C$15,001,000 in Canadian figures.
4Front Ventures is a cannabis investment and strategic growth company. Beacon Securities Limited is a Canadian-based independent investment dealer.
Planet 13 Amends Offering Terms Planet 13 has announced the amendment of a previously announced offering of units. The total price is 5.825 million units at C$4.30/unit. Each unit includes one common share and ½ common share purchase warrant at $5.80/unit for a period of 24 months. Underwriters do have the option to purchase an additional number of units equal to 15% of the number of units sold.
All figures in Canadian dollars unless otherwise mentioned.