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.
OBJ360 (Sponsored)
Casey Court: Richcraft Rentals’ new community in Trailsedge, Orleans
Nestled in the heart of Trailsedge, Orleans, Casey Court emerges as the latest addition to Richcraft’s diverse portfolio of rental communities.
What’s happening in Ottawa in 2024? Ottawa Tourism has your activity line-up covered
2024 promises to be another fun-filled year for Ottawans and visitors alike!
Last month, LiveWell acquired a Windsor-area company in a deal worth $20 million.
