Bevcanna Enterprises Inc. (TSE:BEV) has released an update.
BevCanna Enterprises Inc., a lifestyle and wellness consumer packaged goods company, has canceled its previous $885,000 financing plan and initiated a new non-brokered private placement to raise $1 million through the sale of common shares. The funds will support the relaunch of TRACE brand water products in Canada, expansion into Asian markets, the launch of an e-commerce platform for nutraceuticals, and general corporate purposes. The offering and conversion of certain promissory notes into common shares are expected to close around May 20, 2024.
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