#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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