1606 Corp Secures $20M For The Purpose Of Acquiring CBD Businesses
1606 Corp Secures $20M For The Purpose Of Acquiring CBD Businesses
1606 Corp (OTCPK:CBDW) has entered into an equity financing agreement and registration rights with GHS Investments LLC. Under the terms of the equity financing agreement, GHS agreed to provide 1606 Corp with, up to $20 million, to be used for acquisition financing after the registration of an S-1 filed with the U.S. Securities and Exchange Commission.
1606 disclosed that the purchase price of all equity by GHS shall be 80% of the market price. Following an up-list to the NASDAQ or an equivalent national exchange by the registrant, the purchase price of equity related to this registration will be purchased at 90% of the market price, subject to a floor of $2.00 per share, below which the company shall not deliver any puts.
The use of funds for the $20 million equity financing is earmarked to acquire and develop additional CBD brands, distribution networks, and businesses. By building the portfolio of CBD businesses through acquisitions, 1606 Corp aims to add shareholder value by utilizing this equity line of credit.
"We're moving fast. Now that we have our feet underneath us since receiving the ticker symbol CBDW and now we're taking definitive steps toward adding shareholder value. This $20 million-dollar financing is going to allow us to buy profitable CBD companies and we'll be a great investment opportunity for investors around the world," stated CEO and chairman Greg Lambrecht.
Benzinga's Cannabis Capital Conference Is Back
The most successful cannabis business event in the world, the Benzinga Cannabis Capital Conference, returns to Miami for its 16th edition. This is the place where DEALS GET DONE, where money is raised, M&A starts, and companies meet investors and key partners. Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11-12. Donâ€t miss out. Secure your tickets now. Prices will surge very soon.
Photo: Benzinga edit with photo by Kindel Media on Pexels
1606 Corp (OTCPK:CBDW) has entered into an equity financing agreement and registration rights with GHS Investments LLC. Under the terms of the equity financing agreement, GHS agreed to provide 1606 Corp with, up to $20 million, to be used for acquisition financing after the registration of an S-1 filed with the U.S. Securities and Exchange Commission.
一六六股份有限 (OTCPK: CBDW) 已進入一項股權 融資協議和註冊權與 GHS 投資有限責任公司。根據股權融資協議條款,GHS 同意提供 1606 公司 使用,最高可達 20 美元 百萬, 待使用 用於收購融資 在向美國證券交易委員會提交的 S-1 註冊後。
1606 disclosed that the purchase price of all equity by GHS shall be 80% of the market price. Following an up-list to the NASDAQ or an equivalent national exchange by the registrant, the purchase price of equity related to this registration will be purchased at 90% of the market price, subject to a floor of $2.00 per share, below which the company shall not deliver any puts.
一六零六年披露該次購買 所有股票價格 由 GHS 應為市場價格的 80%。在註冊人向納斯達克(NASDAQ)提交上名單或同等國家交易所之後,與該註冊有關的股票購買價格將在以下地址購買: 市場價格的 90%,受到 每股 2.00 元的樓層, 下面的公司不得交付任何看跌期權.
The use of funds for the $20 million equity financing is earmarked to acquire and develop additional CBD brands, distribution networks, and businesses. By building the portfolio of CBD businesses through acquisitions, 1606 Corp aims to add shareholder value by utilizing this equity line of credit.
將資金用於 2,000 萬美元的股權融資旨在收購和開發其他 CBD 品牌,分銷網絡和業務。1606 Corp 通過收購建立 CBD 業務組合,旨在通過利用這種股權信用額度來增加股東價值。
"We're moving fast. Now that we have our feet underneath us since receiving the ticker symbol CBDW and now we're taking definitive steps toward adding shareholder value. This $20 million-dollar financing is going to allow us to buy profitable CBD companies and we'll be a great investment opportunity for investors around the world," stated CEO and chairman Greg Lambrecht.
「我們正在快速移動。現在,自從收到股票代碼 CBDW 以來,我們已經站在我們的腳下,現在我們正在採取明確的步驟來增加股東價值。這筆價值 20 萬美元的融資將使我們能夠購買有利可圖的 CBD 公司,我們將成為全球投資者的絕佳投資機會。」 格雷格·蘭布雷希特
Benzinga's Cannabis Capital Conference Is Back
本辛加的大麻資本會議又回來了
The most successful cannabis business event in the world, the Benzinga Cannabis Capital Conference, returns to Miami for its 16th edition. This is the place where DEALS GET DONE, where money is raised, M&A starts, and companies meet investors and key partners. Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11-12. Donâ€t miss out. Secure your tickets now. Prices will surge very soon.
世界上最成功的大麻商業活動 Beninga 大麻資本會議將返回邁阿密參加第 16 版。這是交易完成的地方,在那裡籌集資金,併購開始,公司會見投資者和主要合作夥伴。加入我們在佛羅里達州楓丹白露邁阿密海灘酒店 4 月 11 日至 12 日。多納 € 不會錯過了。立即保護您的門票。價格很快就會激增。
Photo: Benzinga edit with photo by Kindel Media on Pexels
照片:使用金德爾媒體在 Pexels 上編輯照片
譯文內容由第三人軟體翻譯。
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