HempFusion Announces Increase to Private Placement


THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES DENVER–(BUSINESS WIRE)–HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness Company offering premium probiotic supplements and products containing CBD, is pleased to announce it has increased the size of its previously announced non-brokered private placement from USD $2,000,000 to over USD $2,500,000 (the “Private Placement”). This increase is designed to accommodate additional demand that the Company has received in the financing. “We received quite a few requests from our large network of retail investors, brokers, and funds, to allow further access into this small strategic private placement,” commented Dr. Jason Mitchell, HempFusion’s Co-founder and Chief Executive Officer. “While we continue to maintain a strong balance sheet, the incoming funds represent strong investors with expected long term time horizons, and we’re excited to welcome them into our Company at such a pivotal time,” continued Dr. Mitchell. The closing of the Private Placement has been extended to September 30, 2021 and remains subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the Toronto Stock Exchange. Full details of the Private Placement are set out in the Company’s news release issued on August 27, 2021, a copy of which is available under the Company’s SEDAR profile at http://www.sedar.com. Further, the Company announces that David Doherty has resigned as a director of the Company effective September 17, 2021. The board of directors of the Company expresses their appreciation to Mr. Doherty for his contribution to the Company. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not…

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Source : HempFusion Announces Increase to Private Placement

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