New Wave Holdings Completes $2 Million Private Placement

June 17, 2020

New Wave Holdings Corp. (CSE:SPOR), an investment issuer focused on the psychedelic and esports sectors, has completed a private placement for aggregate gross proceeds of over $2,000,000. The private placement was led by Eight Capital, as lead agent and sole bookrunner, along with Gravitas Securities Inc.

In the psychedelic sector New Wave will focus on active psychedelic compounds, functional mushroom product lines, and develop an IP portfolio focusing on psilocybin, LSD, MDMA, and ketamine derived treatments for neuropsychiatric diseases.

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