Kushco Holdings, Inc. Announces The Private Placement Of US$21,300,000 Senior Unsecured Note – New Cannabis Ventures


GARDEN GROVE, CA / ACCESSWIRE / April 30, 2019 / KushCo Holdings, Inc. (OTCQB: KSHB) (”KushCo” or the ”Company”), the parent corporation of revolutionary sector leaders such as Kush Provide Co., Kush Power, The Hybrid Inventive, and Koleto Innovations, which deliver a variety of goods and solutions for a assortment of industries which includes the regulated cannabis and CBD industries, announced right now that it has entered into a definitive agreement with an institutional investor for a private placement of a senior unsecured note (the ”Note” or the ”Offering”) with an aggregate principal quantity of US$21,300,000. The Supplying is anticipated to close on or about April 30, 2019, topic to customary closing circumstances.

The Note will be an unsecured senior obligation of the Business. The Note will mature on the 18th month anniversary of the closing date, unless earlier redeemed by the Business. The Note is becoming issued at an original situation discount and will not bear further interest (topic to the occurrence of specific events of default).

The Business could redeem the Note in complete, at any time, offered that the money redemption price tag equals the obtain price tag for the Note (US$20,000,000 just after deduction of the original situation discount) multiplied by a redemption percentage.

We are thrilled to announce this unsecured, non-dilutive financing structure to help our company’s speedy development.

KushCo’s Chief Executive Officer, Nick Kovacevich

The terms of this note represent a dramatic improvement in our capacity to safe financing with a reduce expense of capital and is indicative of additional appealing financing options inside the cannabis sector.

The Business intends to use the net proceeds of the Supplying for basic corporate purposes.

Canaccord Genuity LLC is acting as the sole placement agent in connection with the Supplying.

The Note has not been, and will not be, registered below the Securities Act or the securities laws of any other jurisdiction, and unless so registered, could not be provided or sold in the United States except pursuant to an applicable exemption from such registration needs.

This announcement is neither an give to sell nor a solicitation of an give to invest in the Note, nor will there be any give, solicitation or sale in any jurisdiction in which such give, solicitation or sale is unlawful.

About KushCo Holdings

KushCo Holdings, Inc. (OTCQB: KSHB) (www.kushco.com) is the premier producer of ancillary goods and solutions to the cannabis and hemp industries. KushCo Holdings’ subsidiaries and brands deliver, solution top quality, exceptional client service, compliance expertise and a nearby presence in serving its diverse client base.

Founded in 2010, KushCo Holdings has now sold additional than 1 billion units to growers, processors and producers across North America, South America, and Europe.

The Business has been featured in media nationwide, which includes CNBC, Los Angeles Occasions, TheStreet.com, Entrepreneur, and company magazine Inc. Although KushCo Holdings gives goods and options to clients in the cannabis and CBD industries, it has no direct involvement with the cannabis plant or any goods that include THC or CBD.

For additional info, go to www.kushco.com or contact (888)-920-5874.

Original Press Release

The most trustworthy, reality-primarily based info on KushCo Holdings located only on its Investor Dashboard.

Get ahead of the crowd by signing up for 420 Investor, the biggest &amp most complete premium subscription service for cannabis traders and investors considering that 2013.

Published by NCV Newswire

NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate higher top quality content material and info about major cannabis providers to assist our readers filter out the noise and to remain on leading of the most vital cannabis company news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

Get Our Sunday Newsletter

&#13 &#13


Latest posts