This Cannabis Company Chairman Is Betting On It! Plans To Invest Extra $3.7M In The Business
Portfolio Pulse from Vuk Zdinjak
BZAM Ltd. plans to complete a non-brokered private placement of up to 22.22 million units at CA$0.225 per unit, raising up to CA$5 million ($3.7 million). The company's chairman and largest shareholder will purchase all the units issued. Proceeds will be used for general corporate and working capital purposes.
May 19, 2023 | 12:14 pm
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BZAM Ltd. plans to raise $3.7 million through a private placement, with the chairman and largest shareholder purchasing all units. Proceeds will be used for general corporate and working capital purposes.
The private placement will provide BZAM Ltd. with additional funds for general corporate and working capital purposes. The chairman and largest shareholder's commitment to purchasing all units demonstrates strong support for the company's growth, which could positively impact the stock price in the short term.
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