Friday, May 27, 2022
High Yields Cannabis/Marijuana/ Weed News
  • Home
  • Cannabis Stocks
  • Cannabis Strains
  • Cannabis Laws
    • Marijuana Laws in All 50 States
    • International Marijuana Laws 2021
  • Product Reviews
  • Growing
  • Write for Us
No Result
View All Result
  • Home
  • Cannabis Stocks
  • Cannabis Strains
  • Cannabis Laws
    • Marijuana Laws in All 50 States
    • International Marijuana Laws 2021
  • Product Reviews
  • Growing
  • Write for Us
No Result
View All Result
High Yields
No Result
View All Result
Home Cannabis Stock Quotes & News

Eden Empire Completes First Tranche Closing of Private

Jeremy Vedder by Jeremy Vedder
November 24, 2021
in Cannabis Stock Quotes & News
0
Jushi Holdings Inc. Expands Partnership with Laundry

VANCOUVER, British Columbia, Nov. 24, 2021 (GLOBE NEWSWIRE) — Eden Empire Inc. (CSE: EDEN) (the “Company” or “Eden Empire“) is pleased to announce that it has closed the first tranche of its previously announced C$500,000 private placement (the “Private Placement”). The first tranche consisted of 4,800,000 Units (defined below) for gross proceeds of C‎$240,000‎ (the “First Tranche Private Placement”).

Each Unit in the Private Placement is comprised of one common share of the Company (a “Share”) at a price of C$0.05 per Share, and one common share purchase warrant (a “Warrant”, and together with a Share, a “Unit”). ‎Each Warrant entitles the holder thereof to acquire one Share of the Company at a price of ‎C$0.10 for a period of 36 months from the date of issuance (the “Warrant Expiry Date”). If the daily volume weighted average price of the Company’s Shares on the Canadian Securities Exchange (“CSE”) is C$0.24 per share or greater for any 10 consecutive trading days during the period where the Warrants are outstanding, the Company may, by written notice to the holder or by issuing a news release, accelerate the Warrant Expiry Date of the Warrants to be 30 days following the date of such notice or news release.

In connection with the First Tranche Private Placement, the Company paid an aggregate cash finder’s fee of C$5,600 and issued 112,000 Warrants to Haywood Securities Inc. All securities issued in connection with the First Tranche Private Placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws.

This news release does not constitute an offer of securities for sale in the United States. The securities ‎being offered have not been, nor will they be, registered under the United States Securities Act of ‎‎1933, as amended, and such securities may not be offered or sold within the United States absent U.S. ‎registration or an applicable exemption from U.S. registration requirements.‎

For further information or should you have any questions, please feel free to email us at investors@edenempire.com.

Gerry Transfer, CEO

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

About Eden Empire

Eden Empire is in the business of investments and operations in the cannabis sector and engaging in retail cannabis sales. Eden Empire intends to expand its retail operations in Canada and to expand its business to cannabis cultivation, extraction and processing‎ and become a fully integrated cannabis product company in the United States.

Eden Empire has an award winning and established nationwide brand, including a substantial intellectual property portfolio, and a dedicated management team with extensive cannabis industry experience. Upon completion of Eden Empire’s currently intended acquisitions, and approval to operate its retail locations, the Company is expected to have a significant retail cannabis footprint in Canada and Michigan. Retail cannabis operations are an emerging sector with significant cash flow potential.

Cautionary Note Regarding Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “upon” “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements and information include, but are not limited to, statements with respect to the gross proceeds anticipated to be received under the First Tranche Private Placement; the future exercise of any Warrants issued under the First Tranche Private Placement; the future price of the Company’s common shares on the CSE; the future exercise by the Company of its right to accelerate the Warrant Expiry Date; the approval of the CSE of the First Tranche Private Placement; the Company’s future operations of retail cannabis stores in the United States and Canada; the Company expanding its business to cannabis cultivation, extraction and processing and becoming a fully integrated cannabis company in the United States; the completion of the Company’s currently intended acquisitions; the receipt of all necessary licenses and approvals to operate the Company’s retail locations; and the proposed future transactions Eden may undertake and their expected timing.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Eden Empire to control or predict, that may cause Eden Empire’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: Eden Empire may not obtain the requisite regulatory approvals and may not begin operating cannabis retail or cultivation and processing operations; that the actual use of proceeds may differ from those currently stated; the inherent risks involved in the general securities markets; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; currency fluctuations; regulatory restrictions and the possibility for changes in laws, rules, and regulations in the industry; liability, competition, loss of key employees and other related risks and uncertainties. Eden Empire does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

[Original Source]

READ ALSO

Akerna Announces Corporate Restructuring

Rubicon Organics Inc. Announces Change of Auditor and

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Related Posts

American Green, Inc.™ (OTC:ERBB) Earns Five Year Cannabis
Cannabis Stock Quotes & News

Akerna Announces Corporate Restructuring

May 27, 2022
One man killed, one wounded in Valinda shooting
Cannabis Stock Quotes & News

Rubicon Organics Inc. Announces Change of Auditor and

May 27, 2022
HEXO Corp.’s Shareholders Overwhelmingly Approve Redecan
Cannabis Stock Quotes & News

Sugarbud Announces Second Tranche Closing of Convertible

May 27, 2022
MedMen’s Tracy McCourt appointed President of West Hollywood cannabis organization
Cannabis Stock Quotes & News

EnWave Reports 2022 Second Quarter Consolidated Interim

May 27, 2022
American Green, Inc.™ (OTC:ERBB) CBD Water with Vessl® Cap
Cannabis Stock Quotes & News

Water Ways Reports Q1 2022 Financial Results Sales of

May 27, 2022
HEXO appoints Chief People & Culture Officer
Cannabis Stock Quotes & News

Resonate Blends partners with California’s top licensed cannabis wholesaling platform, Nabis

May 27, 2022
Next Post
Jushi Holdings Inc. Reports Second Quarter 2021 Financial

Pure Extracts 1-Gram Vape Carts Continue Strong Retail

  • Trending
  • Comments
  • Latest
Monthly Spotlight: The Best of Plain Jane CBD

Monthly Spotlight: The Best of Plain Jane CBD

April 8, 2022
The Ultimate Dr. Dabber Stella Vaporizer Review for 2022

The Ultimate Dr. Dabber Stella Vaporizer Review for 2022

April 19, 2022
volcano hybrid review 2022

The 2022 Volcano Hybrid Vaporizer Review: All You Need To Know

May 23, 2022
The Utillian 5 v3 Wax Pen Review for 2022

The Utillian 5 v3 Wax Pen Review for 2022

March 27, 2022

The 7 Best Smell-Proof Weed Bags To Keep Your Bud Stash Safe

April 27, 2022
The Best Synthetic Urine Kit to Pass Your Drug Test in 2022

The Best Synthetic Urine Kit to Pass Your Drug Test in 2022

May 23, 2022
The 10 Best Smell Proof Backpacks for Weed in 2022

The 10 Best Smell Proof Backpacks for Weed in 2022

May 5, 2022
American Green, Inc.™ (OTC:ERBB) Earns Five Year Cannabis

Akerna Announces Corporate Restructuring

May 27, 2022
Former NFL Running Back Marshawn Lynch Launches Premium Blunt Brand

Former NFL Running Back Marshawn Lynch Launches Premium Blunt Brand

0
Major Marijuana Coalition Forms To Coordinate Legalization Push, But Some Key Advocacy Players Aren’t Involved

Major Marijuana Coalition Forms To Coordinate Legalization Push

0
MMJRecs - cannabis leaf

How Medical Marijuana Can Help Treat Sleep Disorders

0
Colorado Cannabis Sales Exceed $2 Billion in 2020

Colorado Cannabis Sales Exceed $2 Billion in 2020

0
American Green, Inc.™ (OTC:ERBB) Earns Five Year Cannabis

Akerna Announces Corporate Restructuring

May 27, 2022
American Green, Inc.™ (OTC:ERBB) Earns Five Year Cannabis

California Marijuana Tax Revenue Nears $4 Billion, But Growth Has Stalled, State Analysts Say

May 27, 2022
One man killed, one wounded in Valinda shooting

Rubicon Organics Inc. Announces Change of Auditor and

May 27, 2022
HEXO Corp.’s Shareholders Overwhelmingly Approve Redecan

Sugarbud Announces Second Tranche Closing of Convertible

May 27, 2022

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • March 2020

Categories

  • 1933 Industries
  • 4front Ventures
  • Acreage Holdings
  • Ascend Wellness
  • Ayr Wellness
  • Body & Mind
  • C21 Investments
  • Cannabis Stock Quotes & News
  • Cansortium Inc
  • Captor Capital
  • Ceres Acquisition Corp
  • Chalice Brands
  • Columbia Care
  • Cresco Labs
  • CuraLeaf
  • Gage Growth
  • Glass House Brands
  • Green Thumb Industries
  • Grown Rogue International
  • Harborside
  • Item 9 Labs
  • Jushi Holdings
  • Lowell Farms
  • MariMed
  • MedMen Enterprises
  • News
  • Next Green Wave
  • Planet 13
  • Plus Products
  • Product Reviews
  • Red White & Bloom
  • SLANG Worldwide
  • Sol Global Investments
  • TerrAscend
  • TILT Holdings
  • Trulieve
  • Verano Holdings
  • Vext Sciences
  • Vibe Growth

Recent Posts

  • Akerna Announces Corporate Restructuring
  • California Marijuana Tax Revenue Nears $4 Billion, But Growth Has Stalled, State Analysts Say
  • Rubicon Organics Inc. Announces Change of Auditor and
  • Sugarbud Announces Second Tranche Closing of Convertible

QR Code

Eden Empire Completes First Tranche Closing of Private
No Result
View All Result
  • Homepages
    • Home Page 1
  • News

© 2021 High Yields