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BIG DEAL: GTEC Holdings Ltd. announces $6.1 million First Tranche Closing led by Sprott Capital Partners LP

Feb 28, 2019

GTEC Holdings Ltd., (TSXV: GTEC), a leading publicly listed cannabis company holding cultivation, extraction, and analytical testing licenses throughout Canada, closed the first tranche of an up to $8 million private placement offering led by Sprott Capital Partners LP.  As part of the first tranche, GTEC issued 11,126,753 units (each a “Unit” and together, the Units”) at a price of $0.55 per Unit for gross proceeds of $6,119,714.

Minden Gross LLP acted for GTEC Holdings Ltd., with a team lead by Andrew Elbaz (Partner, Securities & Capital Markets) and Alex Katznelson (Associate, Securities & Capital Markets).