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Nevada Cannabis Operator Flower One Recapitalizes and Reorganizes Board and Executive Team – New Cannabis Ventures


January 27, 2021 at 7:38 am
Published by NCV Newswire
Editor’s note: The company corrected and replaced the original press release:
Flower One Announces Changes to the Board of Directors and Executive Management, Initial Debt Restructuring and the Initial Closing of over US$10 million and up to US$25 million in Convertible Debenture Financing
LAS VEGAS & TORONTO-January 27, 2021-(BUSINESS WIRE)–Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, today announced: changes and additions to its Board of Directors (the “Board”) and executive management team; the completion of its initial debt restructuring; the agreement by the Southlands and Yaletown Trusts to retire 20,000,000 common shares of the Company (the “Retired Common Shares”), and the initial closing of US$10,100,000 of a non-brokered convertible debenture offering of up t ....

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Wesana Health Closes $4 Million Convertible Note Round


Wesana Health Closes $4 Million Convertible Note Round
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New additions to senior management and leadership teams
CHICAGO, Jan. 21, 2021 /PRNewswire/  Wesana Health, an emerging life sciences company committed to patient empowerment and the advancement of psilocybin-based medicine to improve health and wellness, has announced the close of a $4 million convertible note financing round. The company also announced new additions to its senior leadership team.
Wesana Health Raises Funds to Enter the Psychedelics Space
The $4 million round, led by The Conscious Fund and Ambria Capital, LLC, provides funding to support the Company s entry into the emerging psychedelics space. The proceeds will allow Wesana to begin preclinical and clinical work on the use of psychedelic-assisted therapy to treat traumatic brain injury (TBI) as well as regulatory applications including Investigational New Drug (IND) filings with the Food and Drug ....

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