Cannabis Company 4Front Announces Broker Offering Of Up To $3.6M In Units, Here's Where The Money Will Go
Cannabis Company 4Front Announces Broker Offering Of Up To $3.6M In Units, Here's Where The Money Will Go
4Front Ventures Corp. (CSE:FFNT) (OTCQX:FFNTF) announced on Thursday it seeks to secure roughly CA$5 million ($3.65 million) in financing.
4Front Ventures Corp.（CSE：FFNT）（OTCQX：FFNTF）週四宣佈尋求融資大約500萬加元（365萬美元）。
What Happened
發生了什麼
The Arizona-based company said that it has entered into an agreement with Eight Capital, as lead agent and sole book-runner, on behalf of a syndicate of agents to be formed, to act as agents on a "best efforts" basis to sell up to 47,620,000 of its units at CA$0.105 per unit for gross proceeds of up to CA$5,000,100.
這家總部位於亞利桑那州的公司表示，已與Eight Capital達成協議，後者是一家代表將組建的代理團體的首席代理和唯一配售商，將代表他們在"最佳努力"基礎上出售共最多4762萬個單位，每個單位售價爲0.105加元，總收益達到5,000,100加元。
Under the agreement, each unit will consist of one class A subordinate voting share of 4Front and one SVS purchase warrant, with each warrant entitling the holder thereof to purchase one additional SVS for 60 months following the closing of the offering at CA$0.13 per warrant share.
根據協議，每個單位將由一個4Front的A類從屬投票股和一個SVS購買認股權組成，每個認股權使持有人有權在發行後60個月內以0.13加元認股權份額的價格購買一個額外的SVS。
The agents have an option to offer for sale up to an additional 15% of the units, at the offering price, exercisable in whole or in part at any time for up to 48 hours before the closing date of the offering.
代理有權於收盤前48小時全額或部分行使權利，以發行價格再出售多達15%的單位。
See also: Cannabis Company 4Front Reports 28% YoY Drop In Q1 Revenue While Net Loss Grows, CEO Optimistic With Biden's Marijuana Rescheduling News
參見：大麻公司4Front報告Q1營業收入同比下降28%，淨虧損增加，首席執行官對拜登的大麻重新排定新聞持樂觀態度
To learn more about cannabis stocks, come, join us at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.
要了解更多有關大麻股票的信息，請訪問Benzinga第19屆大麻資本會議，活動於10月8日至9日在芝加哥舉行。立即通過以下鏈接獲取門票，避免票價上漲。
Why It Matters
這爲以下原因非常重要
The company said it plans to utilize the net proceeds of the offering to buy equipment, inventory, cultivation inputs, and additional retail licenses and complete the buildout of its new retail locations.
該公司表示，計劃利用募集資金購買設備、庫存、培育輸入以及其他零售許可證，並完成其新零售店的建設。
What's Next
接下來怎麼做
The closing of the offering is subject to receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange (CSE). The closing of the offering is expected to occur on or about July 10, 2024.
本次發行的結束需要獲得所有必要的監管批准，包括加拿大證券交易所（CSE）的批准。本次發行預計將於2024年7月10日左右完成。
Subject to the listing requirements of the CSE 4Front intends to have the warrants listed on the CSE upon closing the offering.
在滿足CSE掛牌要求的前提下，4Front打算在發行結束時在CSE上市。
Now read: 4Front Ventures FY Revenue Drops 10% As Net Loss Increases, CEO Offers Optimistic Projections
現在閱讀：4Front Ventures FY營收下降10％，淨虧損增加，首席執行官提出樂觀的預測
FFNTF Price Action
FFNTF價格走勢
4Front shares traded at $0.098 per share after the market close on Wednesday afternoon.
週三下午市場收盤後，4Front股票價格爲每股0.098美元。
譯文內容由第三人軟體翻譯。