Red River Ventures commits to buy shares to fund facility construction
By Devika Patel
Knoxville, Tenn., Dec. 16 – Now Corp. said it arranged a $5 million equity purchase agreement with Red River Ventures, LLC.
Proceeds will be used to begin construction on the company’s first Colorado-based hydroponic facility.
The Portland company develops technologies to grow Industrial hemp.
| Issuer: | Now Corp.
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| Issue: | Equity purchase agreement
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| Amount: | $5 million
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| Warrants: | No
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| Investor: | Red River Ventures, LLC
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| Pricing date: | Dec. 16
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| Stock symbol: | OTCBB: NWPN
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| Market capitalization: | $2.44 million
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