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KINGSVILLE, ON, April 25, 2022 /CNW/ – Greenway Greenhouse Cannabis Corporation (CSE: GWAY) (“Greenway Greenhouse” or the “Company”) is pleased to announce that it has applied for listing of the Warrants (as defined below) issued pursuant to the Private Placement (as defined below) on the Canadian Securities Exchange (“CSE”) under the symbol “GWAY.WT”. The Company anticipates that the Warrants will begin trading on the CSE at the opening of the market on or about Monday, May 2, 2022. The listing of the warrants on the CSE remains subject to obtaining all necessary regulatory approvals, including the approval of the CSE.
On December 24, 2021the Company has closed its non-brokered private placement offering of 7,272,728 units of the Company (each, a “Unit”) at a price of $1.10 per unit for total gross proceeds of $8,000,000. Each unit consisted of one common share in the capital of the Company (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”), each warrant being be exercised for one common share at an exercise price of $1.65 until September 23, 2022.
The Company recommends that all holders of Warrants contact their respective broker, investment dealer, bank or trust company for assistance in depositing their securities prior to the scheduled trading date of the Warrants.
“Today we are delivering on one of our promises to investors, by listing our warrants to trade. We’ve had a great relationship with investors, and we’re looking to continue to build on that,” said Darren Peddle, CFO of Greenway Greenhouse. . “I remind holders of warrants to deposit their warrants before May 2nd if they hope to avoid any delay in their ability to trade them.”
Greenway Greenhouse is also pleased to announce that it has retained the services of PI Financial Corporation (“PI Financial”) to provide market making services in accordance with the policies of the CSE, effective April 25, 2022.
PI Financial will be Greenway Greenhouse’s second market maker, complementing the work of the Independent Trading Group (“ITG”) which has been used by Greenway Greenhouse since, October 19, 2021.
PI Financial will trade the common shares of the Company on the CSE and all other trading platforms with the aim of maintaining a reasonable market and improving the liquidity of the common shares of the Company.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of United States nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities law and may not be offered or sold in United States unless registered under the 1933 Act and any applicable securities laws of any state of United States or an applicable exemption from the registration requirements is available.
Greenway Greenhouse Cannabis Corporation is a federally licensed cultivator for the Canadian cannabis market. Greenway is headquartered in Kingville, ONand leverages his expertise in agriculture and cannabis in his aspiration to be a leading cannabis grower in Canada. More information can be found at Greenway.ca and updates can be followed at instagram, Twitter, Facebookand LinkedIn.
The CSE has in no way conveyed the merits of the Company’s business and has neither approved nor disapproved of the contents of this press release and accepts no responsibility for its adequacy or accuracy. .
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements that constitute forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements in this press release that are not statements of purely historical facts are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and the Company’s targets, development of future operations and directions regarding the future as of the date of this press release. Although the Company believes that these statements are reasonable and reflect expectations of future developments and other factors that management believes are reasonable and relevant, the Company cannot guarantee that these expectations will prove to be correct. Forward-looking statements are generally identified by words such as: “believes”, “expects”, “aims”, “anticipates”, “intends”, “estimates”, “plans”, “may” , “should”, “would”, “will”, “potential”, “expected” or variations of such words and similar phrases and expressions, which by their nature refer to future events or results which may, could, could or will occur or be taken or achieved.
Forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied. by forward-looking statements, and includes the risks described in the Company’s final prospectus dated September 3, 2021, a copy of which is available under the Company’s profile at www.sedar.com. Forward-looking statements are made as of the date of this press release and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. – look at the statements.
SOURCE Greenway Greenhouse Cannabis Corporation
For further information: Contact Information: Investor Contact, Sam Nehmetallah, Greenway Greenhouse Cannabis Corporation, [email protected], 1-519-819-5145; Company Contact, Darren Peddle, Director and Chief Financial Officer, Greenway Greenhouse Cannabis Corporation, [email protected]1-519-712-0311