C21 Investments (TSE:CXXI) has released an update.
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C21 Investments has successfully completed a C$4 million private placement to finance the acquisition of assets from Deep Roots Harvest, Inc. for their Nevada subsidiary’s retail cannabis dispensary. The deal includes the issuance of convertible debenture units, which are both convertible into common shares and accompanied by purchase warrants. This strategic move aims to enhance the company’s footprint in the retail cannabis market in Southern Reno, Nevada.
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