Indiva Completes Initial Tranche of Private Placement

Indiva (TSE:NDVA) has released an update.

Indiva Limited, a leader in Canadian cannabis edibles, has successfully completed the first tranche of its recent private placement offering, raising $906,000 by issuing 9,060,000 units. Each unit includes a share and a half warrant, with each warrant allowing purchase of a share at $0.15 within 36 months. The proceeds from this offering, expected to fully close by March 5, 2024, are earmarked for purposes detailed in the company’s public documents.

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