LOS ANGELES, CA / ACCESSWIRE / March 30, 2020 / International Cannabrands Inc. (CSE: INCB) (the "Company") is pleased to announce the appointment of Greg Ross as Board Observer and his agreement to be nominated for election to the Board of Directors of the Company at the next annual meeting of shareholders. In addition, the Company wishes to provide an update regarding the previously announced BioNeva transaction. The Company also wishes to report that it has completed a non-brokered private placement to raise gross proceeds of over CDN$500,000 since the start of the new year. The Company issued an aggregate of 10,560,000 units at price of CDN$0.05 per unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of $0.05 for a period of 5 years. The common shares and warrants bear a 4 month hold period from the date of issuance.
International Cannabrands Announces New Key Board Appointment and Provides Update on BioNeva Transaction
Mar 30, 2020
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