 Hey guys, how you doing? This is rich here. We have a rich TV live and I have some more breaking news for you Wayland Group announces closing a previously announced bot deal financing raising gross proceeds of oh 50 million no big deal. Just another 50 mil wayland group W a Y L 75 M in Frankfurt Germany MRR CF and it's a company that brought to you guys first announced that he has closed Previously announced a bot deal financing of units at a price of 165 per unit for aggregate proceeds of 50 million 77,500 each unit consists of one common share and one half of one common share purchase warrant of The company each warrant is exercisable to acquire one common share for a period of three years at an exercise price of 215 per common share Subject to adjustment in certain events in the event that the volume weighted average trading price of the common share for 10 consecutive trading days Exceeds 325 the company shall have the right to accelerate to expiry date of warrants upon not less than 30 days notice The units were offered and sold by way of a short form prospectus filed in each of the provinces of Canada Other than Quebec and offered and sold elsewhere outside of Canada on a private placement basis The company intends to use the net proceeds from the offering for expansion of its facility at 138 8th concession road in Langton Ontario and for working capital and general corporate purposes the offering was completed by syndicate of underwriters led by of course Canada Corps January to Corp and including Haywood securities Inc Alta Corp Capital Inc and once again GMP securities LP The company grant to the underwriters an over allotment option to purchase up to an additional 4,552,500 units at the offering price Exercisable in whole or in part at any time and from time to time on a prior to November 30th 2018 the over allotment option may be Exercisable to acquire units common shares and or warrants of the company if the over allotment option is exercised in full an Additional 7,511,625 in gross proceeds will be raised pursuant to the offering and an aggregate gross proceeds of the offering will be 57,589,125 oh Just chump change right the securities offered have not been nor will they be registered under the United States Securities Act of 1933 as Mended and may not be offered or sold in the United States or to or for the account or benefit of US persons absent Registration or an applicable exemption from the registration requirements about Wayland group Wayland is a vertically integrated producer and distributor of marijuana for medical purposes the company was founded in 2013 and is based in Burlington, Ontario Canada and Munich Germany with production facilities in Langton, Ontario Where it operates a medical cannabis cultivation extraction formulation and distribution business Under federal license from the government of Canada the company also has production operations in Dresden Saxony Germany and Regensdorf Switzerland what do you think about this news remember rich TV live is strictly for education entertainment purposes Always do your due diligence always do your research before you invest in anything that we talk about here on rich TV live If you're not winning you're definitely not watching if you like this video smash the like button comment down below Money flying everywhere. We're having a big green day today all across the cannabis sector green all the way around As predicted from your boy rich. You're not winning. You're probably not watching Thanks for all your support. We just broke 17,000 subscribers Let's hit 18,000 if you want to get all the news just go to www.rich TV live we got feature videos news all the trending news absolutely free in the cannabis sector and beyond All the top stock tools you need every day absolutely free Cryptocurrencies and if you want to contact us and join our secret group just hover over contact everything you need is right there It's true and The news is flowing. Thank you for watching. I love you guys I'm out. Peace