#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, Québec and for working capital and general corporate purposes.
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