Indus Holdings, Inc. Completes C$34.5 Million Underwritten Public Offering

Yahoo! Finance, December 21, 2020

On December 21, Merida portfolio company Indus Holdings, Inc., a vertically integrated cannabis company based in Salinas, CA, announced the closing of its previously announced underwritten public offering, consisting of the sale of 23,000,000 units at a price of C$1.50 per unit for aggregate gross proceeds of C$34,500,000. Each unit is comprised of one subordinate voting share of the company and one-half of one share purchase warrant.

Indus received approval from the Canadian Securities Exchange (CSE) to list the warrants and are expected to be listed and posted for trading under the symbol “INDS.WT.”

For the full release, click here.