10:50 AM EST - HempFusion Wellness Inc. : Announced that it has completed its initial public offering of 7,000,000 common shares of the Company at a price of USD$1.00 per Offered Share for gross proceeds of USD$7,000,000 and 10,000,000 units of the Company at the Offering Price per Unit for gross proceeds of USD$10,000,000. “We are incredibly excited to have completed our initial public offering and begin trading on the Toronto Stock Exchange,” commented Jason Mitchell, N.D., HempFusion’s CEO. “The additional USD$17 million in capital adds to our healthy treasury, providing us with a solid foundation to build from and execute on our strategic plans for 2021 and beyond. Our goals include increased investment into research and development, expanding our sales and distribution networks, and firmly establishing HempFusion as a leader in the dynamic global CBD industry.” HempFusion Wellness Inc.
shares T.CBD.U are trading up 49 percent at $1.49.
