Power Leaves Corp. Completes US$2.25 Million FinancingJuly 12, 2022
Power Leaves Corp. has completed a non-brokered financing of units of the company for gross proceeds of US$2.25 million. This financing follows a prior US$6 million raise completed in Q1 2022.
Power Leaves is the first North American company dedicated to the commercialization of the coca leaf. The company has secured an exclusive, renewable, 15-year agreement to legally de-cocainize extract and process the coca leaf in Colombia, and has built extraction and testing facilities in Colombia and a corresponding supply chain to export its products to the United States, Europe and other large markets.
Wildeboer Dellelce LLP acted for Power Leaves in connection with the financing with a team comprised of Michael Rennie, Natalie Tershakowec, Julian Lupo and Andrew Jensen (corporate/securities).