Marijuana firm Planet 13 raises $53.9M in bought deal public offering
February 2, 2021
buy pluto kush online.Publish
1 min agohttps://78366ed27a8d28b6390e89
cbef03b78b.safeframe.googlesyn
dication.com/safeframe/1-0-37/
html/container.html
Nevada marijuana company Planet 13
Holdings raise 69 million Canadian dollars
($53.9 million) on Tuesday in a bought
deal public offering.
According to a company news release,
the money will be use for “potential acquisitions
for purposes of retail, cultivation and
production expansion outside of Nevada,
as well as general corporate and other
working capital purposes.”
The offering by a syndicate of underwriters,
led by Beacon Securities and Canaccord Genuity,
sold a total of 9.9 million units of Planet 13
at a cost of CA$7 per unit, including units
sold under an over-allotment option.
Each unit includes one common share
and a warrant to purchase 0.5 common shares,
which can be exercised at CA$9 per
share for the next two
years. buy pluto kush online.
The underwriters receive a cash commission
of 6% of the gross proceeds, plus a compensation
option equaling 6% of the units sold.
The compensation option entitles the underwriters
to purchase common shares at CA$7 per
share for the next two years.
The bought deal public offering
was announced Jan. 12.
Planet 13 Holdings’ shares trade on the
Canadian Securities Exchange as PLTH, and
the warrants will trade on the same exchange.
Planet 13 also trades on the U.S.
over-the-counter markets as PLNHF.
while Drizly’s founders, investors and board
San Francisco-base Uber Technologies on
while Drizly’s founders, investors and board
Tuesday announced an agreement to
acquire Boston-based Drizly, the nation’s
leading alcohol delivery platform, for $1.1
billion, mostly in stock.
Drizly launched Lantern last May, but
Lantern isn’t part of the Uber deal.
while Drizly’s founders, investors and board
“Since launching in 2020, Lantern has been
while Drizly’s founders, investors and board
an independent subsidiary of Drizly Group
while Drizly’s founders, investors and board
and will now operate as a fully autonomous
while Drizly’s founders, investors and board
private company,” Lantern President
while Drizly’s founders, investors and board
Meredith Mahoney said in a statement.
while Drizly’s founders, investors and board
She said Lantern’s management team, staff
while Drizly’s founders, investors and board
and core products will remain the same,
while Drizly’s founders, investors and board
members will serve as strategic advisers to Lantern.
while Drizly’s founders, investors and board
In an interview with CNBC, Uber CEO Dara
while Drizly’s founders, investors and board
Khosrowshahi says the company currently
isn’t interested in marijuana delivery but
indicate that sentiment could change.
Perlmutter note that, last session,
the House passed his cannabis proposal as standalone legislation, but “the Senate sat on it, so the Senate’s go to get busy and work on this subject.” The measure also advance twice through the House as part of COVID relief, and it was included in a proposal from then-Senate Minority Leader Chuck Schumer (D-NY) that did not get a vote.https://platform.twitter.com/emb/index.html?creatorScreenName=http%3A%2F%2Ftwitter.com%2Fkylejaeger&dnt=true&embedId=twitter-widget-0&frame=false&hideCard=false&hideThread=false&id=1356641651935109120&lang=en&origin=https%3A%2F%2Fwww.marijuanamoment.net%2Fcongressman-says-he-will-push-for-marijuana-banking-to-be-in-next-covid-package%2F&siteScreenName=marijuanamoment&theme=light&widgetsVersion=ed20a2b%3A1601588405575&width=550px
He also mention that the House approved a comprehensive legalization bill—the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act—last year.
With Democrats now in control
of both chambers of Congress, the chances of passing either his more narrowly tailore financial services legislation or broader cannabis reform are significantly improve.
“The Senate may take up a broader version” of marijuana reform, Perlmutter said, “and we’ll deal with that if they could ever move something out of the Senate, which is where the roadblock has been.”
while Drizly’s founders, investors and board
Already, the newly install Democratic Senate leadership has made clear that marijuana reform will be prioritize this year, with Schumer, Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) announcing on Monday that they will soon be releasing draft legalization legislation and soliciting feedback on the proposal.
But in the meantime, Perlmutter
says his cannabis banking bill is still in play.
The congressman say that the goal of his proposal is to give marijuana businesses access to financial services that are available to other markets, but “there has to be some criminal justice reform attach to that as well because so many people over the years have been subject to different kinds of violations and crimes that have really caused difficult records for these folks, and we need to clean up a lot of this.”
“We’ve got to align the laws
because banking laws are generally under the federal umbrella, and the banking laws, it’s difficult for some cannabis companies and cannabis relate businesses to have legitimate banking relationships so we want to get that part straightened out,” he said.
Meanwhile, Wyden recently discuss the Finance Committee’s role in advancing marijuana reform this session, saying his objective will be to “end the prohibition and come up with sensible tax and regulatory oversight at the federal level.”
Buy edibles online, Buy cannabis oil, Buy CBD distilate online , buy concentrates online, Buy moon rocks, Buy vapes,buy wax online