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NCNNF - 48North Cannabis secures equity offering of $3M
48North Cannabis Corp.
48North Cannabis ([[NCNNF]] +14.2%) has entered into an agreement with Cormark Securities pursuant to which Cormark will offer for sale up to 20M units at $0.15/unit for gross proceeds of $3M.Each unit includes one common share and one common Share purchase warrant. Each 2.5-year warrant has an exercise price of $0.30.Underwriters have an option to acquire up to an additional 15% of the Units sold under the offering.