Surefire Resources NL (ASX: SRN) received firm commitments from professional and sophisticated investors to raise up to $1.15 million before cost.
- The placement will mark an issue of 125,000,000 fully paid ordinary shares at an issue price of $0.0092 each.
- The issue price of $0.0092 marks a 15.26 per cent discount to the 15-day volume-weighted average price (or VWAP).
- Surefire appointed CPS Capital Group Pty Ltd as a Lead Manager and Broker to the placement.
- CPS Group would provide corporate advisory services as well on a non-exclusive basis.
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Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s
Those phrases have become increasingly common as marijuana legalization spreads.
Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.
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