 Hey guys, how you doing? This is Rich from Rich TV Live and we have some breaking news from Pure Extracts, a company that is doing two of the hottest sectors in the world, psychedelics and cannabis extracts and oils. So this is their website PureExtractsCorp.com and they have some breaking news. PureExtracts closes upsized 8.5 million offering with strong retail demand. So they just raised 8.5 million dollars and it's been upsized. This is very bullish for the company, meaning there's a lot of interest from investors to get into the stock. PureExtracts Technologies Corp, PULL in Canada, A2QJAJ in Frankfurt, Germany is pleased to announce it has completed the second and final tranche of its non-brokered private placement offering of special warrants, each a special warrant at 50.5 cents per special warrant previously announced on December 16, 2020, private placement at this final closing. The company issued and sold an aggregate of 10,839,230 special warrants for gross proceeds of 5,473,811 dollars and 14 cents. Together with the first closing, the company issued an aggregate of 16,9263 special warrants for gross proceeds of 8,534,632 dollars and 81 cents pursuant to the private placement. The special warrants will automatically convert to units upon the earlier of the receipt for a final prospect is qualifying the distribution of the units or four months and a day from the closing date of the final tranche of the private placement, which is May 21, 2021. Each unit will be comprised of one common share of the company and one half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of 65 cents per warrant share. Wow, that is an amazing conversion price for a period of 24 months following the deemed exercise date of the special warrants. Finder's fees of 139,501 dollars and 41 cents cash and 395,817 dollars finders warrants were paid and issued in conjunction with the final tranche of the private placement. Each finders warrants entitles the holder thereof to purchase one common share of the company at an exercise price of 65 cents per finders warrant share until January 20, 2023. All securities issued under the final tranche of the private placement will be subject to a statutory four month hold period, which expires on May 21, 2021 in accordance with applicable Canadian securities laws. The company intends to use net proceeds from the private placement primarily for expansion of capacity for the company's extraction business and for general work in capital. The company will use it commercially, reasonable efforts to qualify the distribution of the common shares and warrants issuable upon exercise of the special warrants by way of a short form prospectus. Every company, once they start to grow and they start getting liquidity when they're public, typically they want to raise capital and they do that by selling shares. This is how they do it. This is very standard. Subject to the company fulfilling all of the listing requirements of the exchange, the special warrants will not be enlisted on any stock exchange or over the counter market. Interesting. The company has filed a preliminary base shelf prospectus, which is available under the company's profile at CDAR. The company also announced it has granted 5 million stock options to purchase common shares to certain directors, officers, employees, and consultants of the company. The options are exercisable for periods ranging from two to five years from the date of issuance at an exercise price of 73 cents. About the company, the company features an all-new state-of-the-art processing facility located just 20 minutes north of the world famous Whistler, British Columbia, one of the most beautiful places on earth. The bespoke facility has been constructed to European Union GMP standards aiming towards expert sales of products and formulations, including those currently restricted in Canada into European jurisdictions where they are legally available. On September 25th, 2020, Peer Extracts was granted its standard processing license by Health Canada under the Cannabis Act and the company's stock began trading on the Canadian Securities Exchange CSE on November 5th, 2020, which I broke to you guys first and it has been already a huge success. And this is a story that's just getting started. This company just raised $8.5 million. So $8.5 million is a huge amount of money for a company that is brand new. Now they're going to have $8.5 million available to the company to help them grow and expand. This to me is extremely bullish. This is what companies need to do, assuming that they don't have any more dilution. This will be very, very good for the company long term because now they've got some money behind them to really move forward in executing their business plan. This is your boy, Rich from Rich TV Live. We bring you the news and we bring it to you first. Peerextractscorp.com. It's already been a big winner for our community and I believe it's just getting started. The big news, Peer Extracts closes upsized $8.5 million offering with strong retail demand. If you're not winning or not watching, we bring you the winners, we bring you the news and we bring it to you first. If you like the video, please smash the like button, comment down below, share the video everywhere and subscribe for future updates. And remember, Rich TV Live is strictly for education and entertainment purposes. Always do your due diligence, speak to a financial advisor and let the financial advisor tell you what they think about the deals. Chances are they're going to say, man, that's a really good deal. Where'd you hear about it? And you could say from my boy, Rich. Thank you for watching. We'll talk to you soon. Big news for pull, I'm out. Peace.