Wednesday, July 19, 2017

#Cannabis Stock News: Hydropothecary (TSX VENTURE: $THCX.V) Closes $25.1 Million Bought Deal Private Placement of Convertible Debenture Units

#Cannabis Stock News: Hydropothecary (TSX VENTURE: $THCX.V) Closes $25.1 Million Bought Deal Private Placement of Convertible Debenture Units


TORONTO, ON - July 19, 2017 (Investorideas.com Newswire) The Hydropothecary Corporation ("THCX" or the "Company") (TSX VENTURE: THCX) is pleased to announce the closing of its previously announced bought deal private placement of convertible debenture units for aggregate gross proceeds of $25.1 million (the "Offering"), which includes the partial exercise of the over-allotment option by the underwriters.
The Company intends to use the net proceeds of the Offering for expansion of its production facility in Gatineau, Qu├ębec and for working capital and general corporate purposes.




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