trending Market Intelligence /marketintelligence/en/news-insights/trending/dRHZpb4xSb5EEpY86y4Ojw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

TransCanna upsizes units placement to fund acquisition of cannabis facility

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


TransCanna upsizes units placement to fund acquisition of cannabis facility

TransCanna Holdings Inc. upsized a previously announced units placement to a maximum of 8 million units from 5 million units.

The units, which will still be sold at C$2 each, will consist of one common share and 0.5 of a 3-year warrant. Each whole warrant is exercisable at C$3 each.

Gross proceeds are now expected to be C$16 million, up from the previously expected C$10 million. Vancouver, British Columbia-based TransCanna intends to use the net proceeds to partially fund the acquisition of a cannabis facility in California and to fund working capital and general corporate purposes.

The company said it plans to seek a loan to fund the full price of the facility once it has signed a definitive agreement for the deal.

The placement's closing is conditional upon completion of the facility acquisition. The placement, which may be completed in multiple tranches, is expected to close March 28, subject to regulatory approvals.

Meanwhile, Cannacord Genuity Corp. is joining Haywood Securities Inc. to co-lead a syndicate of agents, which includes Gravitas Securities Inc.