Planting Hope Extends Its Non-Brokered Private Placement Window

The Planting Hope Company Inc., a leader in Food tech innovation, has announced a two-week extension on its non-brokered private placement, with approval from the TSX Venture Exchange. This development follows the company's earlier announcements in January and February 2024, setting the new deadline to April 5, 2024.

The Chicago and Vancouver-based company aims to raise up to $4 million CAD through the sale of 40 million subordinate voting share units, priced at $0.10 CAD each. This offering also includes warrants that allow holders to purchase additional shares at C$0.15 over 24 months post-closure. The proceeds are earmarked for inventory purchases, business expansion, and general working capital.

Finder's fees may be paid in line with applicable laws and TSXV policies. The securities issued will be subject to a six-month holding period. The Offering's closure remains conditioned upon receiving all necessary approvals including that from the TSXV, and might conclude in several tranches.