The BC Bud Closes Initial Financing Tranche
Portfolio Pulse from Vuk Zdinjak
The BC Bud Corporation has closed an initial tranche of its non-brokered private placement, raising $52,500 through the sale of 700,000 units. BC Bud Holdings Corp., a subsidiary of the company, has increased the amount of a secured loan from $100,000 to $150,000 with Sutton Ventures Ltd., and entered into a loan agreement with Cybin Therapeutics Inc. for $60,000. Both Sutton Ventures and Cybin Therapeutics are controlled by directors of the company.
August 07, 2023 | 11:39 am
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The BC Bud Corporation has closed an initial financing tranche and its subsidiary has entered into new loan agreements, which could impact its financial stability.
The closing of the initial financing tranche and the new loan agreements could provide the company with the necessary capital for business development and general working capital purposes, potentially improving its financial stability and attractiveness to investors.
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