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Tag Archives: 48 North Cannabis

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48North Closes Previously Announced Bought Deal for Total Gross Proceeds of $28.75 Million

48North Closes Previously Announced Bought Deal for Total Gross Proceeds of $28.75 Million
48North Cannabis Corp. ("48North" or the "Company") (TSXV:NRTH) is pleased to announce that the Company has closed its previously announced "bought deal" short form prospectus offering of units ("Units") of the Company ("Offering") for total gross proceeds of approximately $28.75 million, which included the exercise of the over-allotment option granted to the Underwriters (defined below) in full.
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48North Enters Into $25 Million Bought Deal Equity Financing

48North Enters Into $25 Million Bought Deal Equity Financing
48North Cannabis Corp. (TSXV:NRTH) (“48North” or the “Company”), is pleased to announce that it has entered into a letter of engagement with Eight Capital, under which Eight Capital has agreed to purchase, as sole bookrunner and lead underwriter, along with a syndicate of underwriters (the “Underwriters”), 18,382,400 units of the Company (the “Units”), on a “bought deal” basis pursuant to a filing of a short form prospectus, subject to all required regulatory approvals, at a price per Unit of $1.36 (the “Issue Price”) for gross proceeds of $25,000,064 (the “Offering”).
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