ABcann Head Horticulturist Michael Hoffman shows off a mature plant, inside one of the Napanee-based company’s grow rooms, on August 15, 2016. (Photo: David Foot / Quinte News)
ABcann Global Corporation, a medicinal marijuana grower based out of Napanee is hoping outside investment in the company will allow
for future growth.
ABcann has an agreement for a private placement of unsecured debentures worth a total of 30 million dollars.
The debentures would mature 36 months after the date of issuance and pay 7% interest a year.
In a press release the company says the financing will allow for strategic acquisitions in the cannabis industry and for general working capital
and corporate purposes.
