Avant Brands Inc (TSE:AVNT) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Avant Brands Inc., a recognized cannabis producer, has corrected the terms of their recently announced private placement, now offering each unit with one Common Share and a half warrant, aiming to raise up to $3.88 million for general working capital. The units are priced at $0.085, with the Offering expected to close by April 30, 2024, including a significant lead order from a strategic investor. Securities issued will adhere to a four-month hold period as per TSX and Canadian securities laws, with insider participation possibly deeming the Offering a ‘related party transaction’.
For further insights into TSE:AVNT stock, check out TipRanks’ Stock Analysis page.
