Indiva (TSE:NDVA) has released an update.
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Indiva, a leading Canadian cannabis edibles producer, has launched its second private placement aiming to raise between $1,094,000 and $4,094,000 by offering up to 40,940,000 units at $0.10 each. The units include one common share and a half warrant, which can be exercised at $0.15 for 36 months, with an acceleration clause if share prices significantly increase. The raised funds are intended for general corporate and capital expenditure purposes without a hold period due to the exempted offering.
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