International Cannabrands Completes Private Placement

January 24, 2019

International Cannabrands Inc. (CSE:JUJU) has completed an equity financing across multiple tranches for aggregate gross proceeds of approximately $4.83 million. The offering was completed by Gravitas Securities Inc., as lead agent, along with Canaccord Genuity Corp.

The company’s business model is to generate revenue from cannabis cultivation, brands ranging from flower to edibles and from THC to CBD, oil extraction, ancillary products and apparel in the United States.

Wildeboer Dellelce LLP acted for the agents in connection with the offering with a team that consisted of Perry Dellelce, Michael Rennie, Carlye Bellavia and Mark Coghlan (corporate/securities).