Marijuana Company LEEF Brands Consolidates Shares, Launches $1.8M Private Placement To Fuel Expansion
Portfolio Pulse from Nina Zdinjak
LEEF Brands, a cannabis company, announced a 10-for-1 share consolidation and a $1.8 million private placement to improve its capital structure and fuel expansion. The consolidation aims to attract institutional investors and enhance liquidity. The private placement will issue units priced at $0.25, each including a common share and a warrant. The proceeds will support growth initiatives.
October 30, 2024 | 3:43 pm
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LEEF Brands is consolidating shares 10-for-1 and launching a $1.8M private placement to improve capital structure and support growth. This move aims to attract institutional investors and enhance liquidity.
The share consolidation and private placement are strategic moves to improve LEEF Brands' capital structure and attract a broader investor base. This is likely to have a positive short-term impact on the stock price as it enhances liquidity and supports growth initiatives.
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