Fundz

Heritage Cannabis Enters Equity Financing With Obsidian Global Partners, Llc

PRIVATENov 02, 2022

Round Type

Venture

TorontoManufacturingBiotechnologyMedicalCannabis

Description

Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), today announced that it has entered into an equity line of credit agreement (the “ELOC Agreement”) with Obsidian Global Partners, LLC (the “Investor”) whereby the Investor proposes to purchase common shares in the capital of Heritage (“Common Shares”) for the aggregate gross proceeds of up to US$20 million by private placement, at Heritage’s discretion (the “Offering”).

Who else raised in Medical and Cannabis around the same time

Companies in the same sectors as Heritage Cannabis that raised within 45 days of this round, from Fundz verified event records.

  • MedX Health raised an undisclosed amount (Convertible Note) on November 18, 2022.
  • Biocoat raised an undisclosed amount on November 2, 2022.
  • Nusano raised $10M on November 1, 2022.
  • Monteris Medical raised $73M (Debt Financing) on October 27, 2022.
  • Surmodics raised an undisclosed amount (Debt Financing) on October 17, 2022.
  • OSSIO raised an undisclosed amount (Series C) on October 17, 2022.

Who to call at Heritage Cannabis, and when

A new round usually means Heritage Cannabis is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Heritage Cannabis raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Heritage Cannabis, from your own LinkedIn network

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Company Information

Company

Heritage Cannabis

Location

Toronto, Ontario, Canada

About

Heritage Cannabis is a leading cannabis company offering innovative products to both the medical and recreational legal cannabis markets in Canada and the U.S., operating under two licensed manufacturing facilities in Canada. The company has an extensive portfolio of high-quality cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, Thrifty, Adults Only, feelgood., the CB4 suite of medical products in Canada and ArthroCBD in the U.S.

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Heritage Cannabis raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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