Cannabis One Holdings closes non-brokered private placement

03 September 2019

On September 3, 2019, Cannabis One Holdings Inc. (CSE: CBIS) announced that it had closed a non-brokered private placement of 2,287,500 subordinate voting units and 136,499 super voting units of the company for aggregate gross proceeds of approximately $1.461 million.

Cannabis One is focused on aggregating and optimizing popular cannabis brands throughout North America. With its unique, franchise-ready retail brand, The JointTM, and through targeted acquisition and partnership opportunities, Cannabis One intends to become the premier, globally-recognized, "House of Brands", holding a client portfolio of award-winning products with an extensive market footprint.

Gowling WLG advised Cannabis One with respect to this private placement with a team that included Frank Sur and Simanpreet Panaych, assisted by student-at-law Andrew Miles.  

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