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Viridium Pacific raises C$2M via warrant exercise

Canada's Viridium Pacific Group Ltd. said it raised about C$2 million from a warrant exercise.

The proceeds are from the exercise of 2,227,860 warrants and 353,990 agent options related to previous financings.

Proceeds will be used to help the company meet strategic objectives, including licensing and sales, capacity expansion, branding, product development, enhanced communications and for general operating expenses.

Mission, British Columbia-based Viridium's subsidiaries are involved in cannabis and horticultural production, property development and human resource management.