C21 Investments (TSE:CXXI) has released an update.
C21 Investments is set to expand its retail presence in Nevada with the acquisition of a 6,500 square-foot cannabis dispensary in Southern Reno, and is concurrently raising funds through a private placement of convertible debenture units totaling up to C$4 million. The acquisition, which is contingent upon regulatory approvals and a final purchase price of US$3.5 million, is part of the company’s strategy to boost revenue by increasing its retail footprint and integrating the new dispensary into its existing operations.
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