Glad there are apparently 'institutional investors' aboard, hopefully they do not sell for a quick profit -but won't hold my breath.
"The Placement and SPP funds will be applied towards working capital for the Company’s existing operations and supporting the acceleration of the Company’s cannabis medicines manufacturing at its Southport Facility" -so basically lion's share goes to inflated salaries of Beasley's B.O.D. and 'executive leadership team'.
Good to see them rewarding themselves even though the SP has only sunk whilst they have been at helm....
Ann: THC Global Completes $6.6 million Institutional Placement, page-6
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Mkt cap ! $8.954M | |||
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