Simply Solventless Targets $500K in Private Placement

Simply Solventless Concentrates Ltd (TSE:HASH) has released an update.

Simply Solventless Concentrates Ltd. is set to raise $500,000 through a non-brokered private placement, offering over 3 million units comprised of shares and warrants. The proceeds will drive the production of their cannabis products Astrolab, Frootyhooty, and Lamplighter for the Ontario and Alberta markets, as well as fund production efficiencies. The anticipated insiders’ participation in the financing is deemed to comply with regulatory exemptions.

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