Company sells 115,000 restricted common shares at $0.85 apiece in deal
By Devika Patel
Knoxville, Tenn., May 2 - MediJane Holdings, Inc. completed a $97,500 private placement of stock on April 30, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 115,000 restricted common shares at about $0.85 per share. The price per share is a 2.3% discount to the April 29 closing share price of $0.87.
Proceeds will be used for development of the company's business strategy and for working capital.
The company makes organic medicinal cannabis products and is based in Longmont, Colo.
| Issuer: | MediJane Holdings, Inc.
|
| Issue: | Restricted common stock
|
| Amount: | $97,500
|
| Shares: | 115,000
|
| Price: | $0.85 (approximate)
|
| Warrants: | No
|
| Settlement date: | April 30
|
| Stock symbol: | OTCBB: MJMD
|
| Stock price: | $0.87 at close April 29
|
| Market capitalization: | $51.66 million
|
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