The company said was boosting its non-brokered private placement to C$4 million thanks to investor interest
Ltd () announced Monday that it is boosting its previously-announced non-brokered private placement to $4 million thanks to investor demand.
NextLeaf has a patented process for the commercial scale production of cannabinoid distillate, the precursor to every cannabis-infused product. The company’s technology allows for low-quality, dried cannabis biomass to be processed into a high-purity distilled oil.
The units issued under the financing deal will be subject to a four-month hold period.
Shares of NextLeaf were at C$0.58 on Monday.
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