Progress Towards Building A Strong Canadian
Brand
TORONTO, Dec. 6, 2023
/CNW/ - Shiny Health & Wellness Corp. (the "Company")
(TSXV: SNYB) announces today that the it has received approval from
the TSX Venture Exchange ("TSXV") to extend the closing of
its previously announced non-brokered private placement financing
of units (each, a "Unit") at a price of $0.10 per Unit (the "Offering") to
January 4, 2024. The Company closed a
first tranche of the Offering on October 4,
2023 (the "First Tranche") and anticipates that the
second and final tranche closing will occur on or before January
4, 2024. For more information on the Offering and the First
Tranche, please see the Company's press release dated October 4, 2023.
The Company intends to use the net proceeds of the Offering for
general working capital requirements, including to advance the
Company's cannabis line of business performance by increasing store
inventory, new store build-outs, plus acquisitions.
The closing of the Offering is subject to receipt of all
necessary regulatory approvals including the TSX Venture Exchange
(the "TSXV"). Finder's fees will be payable in accordance
with the policies of the TSXV. The Unit Shares, Warrant Shares and
any common shares of the Company that are issuable from any
finder's warrants will be subject to a hold period of four months
and one day following the closing date of the Offering in
accordance with applicable securities laws.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the
United States. The securities have
not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold
within the United States or
to U.S. persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
About Shiny Health &
Wellness:
Shiny Health & Wellness Corp. is on a mission to help people
never settle, live fully by being a trusted source for health and
wellness solutions and services. The Company operates ShinyBud
Cannabis Co., a well-established brand of adult-use dispensaries in
Ontario strategically located in
markets less saturated with cannabis retailers. Shiny Health
trades on the TSX Venture Exchange (TSXV) under the ticker symbol
SNYB. For more information, please visit
www.shinyhealthandwellness.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
SOURCE Shiny Health & Wellness Corp.