Bevcanna Enterprises Inc. (TSE:BEV) has released an update.
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BevCanna Enterprises Inc., a lifestyle and wellness consumer packaged goods company, has successfully closed the sixth tranche of its private placement financing, raising $250,000 through secured promissory notes. These notes, which are set to mature in 12 months with a 15% annual interest, are secured against Naturo Group Enterprises Inc.’s personal property, excluding intellectual property. The funds are earmarked for outstanding payables and general corporate purposes, with the company indicating plans for additional future tranches.
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