Company or
Ikänik Farms ) is pleased to announce that it has set has set USD$1.021 as the exercise price (the
Issue
Price ) for the issuance of 29,394,474 subordinate voting shares of the Company (the
Shares ) for gross proceeds of USD$30,000,000 pursuant to the terms of the subscription agreement dated March 8, 2021 (the
Subscription Agreement ), entered into between Global Garden Private Equity I, S.A.R.L. (
Global Garden ) and a predecessor of the Company prior to completion of its reverse take-over transaction completed on March 30, 2021. The Issue Price was determined pursuant to the Subscription Agreement, being 90% of the volume weighted average price per Share of the Company s Shares trading on the Canadian Securities Exchange during the most recent (10) consecutive trading days. The Company anticipates the issuance of the Shares will be completed on or about May 10, 2021.
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Ikänik Farms Registers and Commercializes 6 CBD Products Eligible for Sale in Colombia, Ecuador, Bolivia & Peru
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Company or
Ikänik Farms ) is pleased to announce that its wholly owned, Colombian subsidiary Pideka SAS (
Pideka ), has completed the registration and commercialization process of six cannabis-based cosmetic products through the National Institute of Drug and Food Surveillance (INVIMA), the governing body in Colombia responsible new product registrations. We are excited to open the door to multiple countries concurrent with our product registrations and look forward to better serving the Latin American markets in the near future. said Brian Baca, CEO of Ikänik Farms.
/PRNewswire/ THC is perhaps the most well-known cannabinoid within cannabis. THC, short for tetrahydrocannabinol, is famously responsible for cannabis s.