New Issue: AgraFlora prices C$30 million three-year convertibles to yield 10%, up 66.67%

By Abigail W. Adams

Portland, Me., Dec. 10 – AgraFlora Organics International Inc. priced C$30 million three-year convertible debentures in a non-brokered private placement to yield 10% with an initial conversion premium of 66.67%, according to a company news release.

The offering closed on Nov. 25.

Proceeds will be used for general corporate purposes, including capital expenditures at its Delta greenhouse complex and Winnipeg edibles facility.

AgraFlora is a Vancouver, B.C.-based global cannabis company.

Issuer:	AgraFlora Organics International Inc.
Securities:	Convertible debentures
Amount:	C$30 million
Maturity:	Dec. 31, 2021
Coupon:	10%
Price:	Par
Yield:	10%
Conversion premium:	66.67%
Conversion price:	C$0.30
Conversion rate:	95,833,333
Pricing date:	Nov. 25
Stock symbol:	CSE: AGRA
Market capitalization:	C$114.9 million

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