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Harvest closes bought-deal offering of units

Canada's Harvest One Cannabis Inc. raised about C$40.3 million through an offering of units.

The company sold the units on a bought-deal basis for C$1.82 apiece. Each unit comprised 1 common share and 1 warrant to buy an additional stock for C$2.30.

The warrants are valid until Jan. 31, 2020.

Harvest plans to use net proceeds for the expansion of its indoor growing facilities, working capital and general corporate purposes.

Mackie Research Capital Corp. led the offering, along with a syndicate of underwriters including Haywood Securities Inc. and Eight Capital Corp.