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）（場外交易代碼：FFNTF）週四宣佈，它尋求獲得約500萬加元（合365萬美元）的融資。
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，它已與作爲牽頭代理人和唯一賬簿管理人的Eight Capital代表即將組建的代理商集團簽訂協議，以 “盡最大努力” 以每單位0.105加元的價格出售其多達47,620,000個單位，總收益高達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.
根據該協議，每個單位將由一份4Front的A類次級有表決權股份和一份SVS購買權證組成，每份認股權證的持有人有權在發行結束後的60個月內以每股認股權證0.13加元的價格再購買一股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.
代理商可以選擇offer 出售，最多可額外出售 15% 的單位，按發行價格，exercisable 以whole 或部分出售，最長可持續 48 小時before 即發行截止日期。
See also: Cannabis Company 4Front Reports 28% YoY Drop In Q1 Revenue While Net Loss Grows, CEO Optimistic With Biden's Marijuana Rescheduling News
另見：大麻公司4Front報告稱，第一季度收入同比下降28％，而淨虧損增加，首席執行官對拜登的大麻改期新聞持樂觀態度
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.
要了解有關大麻股票的更多信息，請加入我們，參加將於10月8日至9日在芝加哥舉行的第19屆Benzinga大麻資本會議。點擊此鏈接，立即在價格飆升之前獲取門票。
Why It Matters
爲什麼重要
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，計劃將此次發行的淨收益用於購買設備、庫存、種植投入和額外的零售許可證，並完成其新零售地點的建設。
What's Next
下一步是什麼
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。此次發行預計將於2024年7月10日左右結束。
Subject to the listing requirements of the CSE 4Front intends to have the warrants listed on the CSE upon closing the offering.
根據CSE的上市要求，4Front打算在完成發行後將認股權證在CSE上市。
Now read: 4Front Ventures FY Revenue Drops 10% As Net Loss Increases, CEO Offers Optimistic Projections
立即閱讀：隨着淨虧損的增加，4Front Ventures財年收入下降了10％，首席執行官提供了樂觀的預測
FFNTF Price Action
FFNTF 價格走勢
4Front shares traded at $0.098 per share after the market close on Wednesday afternoon.
週三下午收盤後，4Front股票交易價格爲每股0.098美元。
譯文內容由第三人軟體翻譯。