One of Gatineau’s emerging players in the cannabis and hemp space added a bit of cash to its operations through a private placement this week.
LiveWell Canada announced Thursday that it has closed a non-brokered private placement of nearly two million units at a price of 80 cents each, yielding total proceeds of $1.55 million. Offering few details, the company said in a statement that the funds raised will go towards working capital purposes.
A portfolio company of Smiths Falls-based Canopy Growth’s investment arm, LiveWell develops products from the non-psychoactive compound in cannabis, CBD. The Gatineau company converted an Ottawa greenhouse into a growing operation earlier this year and recently reported its first public earnings.
(Sponsored)
Inspired by love and loss, donor Tom Moore triples Giving Tuesday donations
For Tom Moore, a retired tech executive and longtime Ottawa resident, giving back to The Ottawa Hospital isn’t just a gesture of generosity. It’s personal. Tom grew up on a
Family-owned Coke Canada Bottling investing to grow in Ottawa-Gatineau
Have you ever wondered where your favourite Coca-Cola products come from? Few people in know that over 300 popular beverages products, like Coca-Cola, Coke Zero, Fuze, Fanta, Monster Energy, A&W
Last month, LiveWell acquired a Windsor-area company in a deal worth $20 million.
