Dooma Wendschuh Founders Update April 27, 2018
I am pleased to announce that Province Brands has closed a deal to reverse merge into a Capital Pool Corporation which is currently listed in the TSXV. This merger with this CPC will allow Province to go public on the TSXV in a relatively short time frame. A formal press release will follow soon. It is imperative that you keep this information confidential until the press release comes out.
Going public on the TSXV will give Province Brands access to institutional investors, capital markets, and most importantly, the ability to raise the massive amounts of capital needed to build out the world's first cannabis brewery and expand our business internationally. In the coming weeks we will be working with industry-leading investment banks to close down the remainder of our current 10 million dollar bridge round and initiate an additional financing round which will be concurrent with the public listing. Supply of capital pool corporations listed on the TSXV is at an all-time low. There are a few out there and I am very confident that we chose the best possible partners for this public listing.
When the press release is made public, you will have an opportunity to learn more about the CPC merger, their directors, and what they bring to the table. For any of you who have not gone through the going public process I am available at any time to discuss what this means for you and your investment or ownership in Province Brands, what opportunities it presents, and how we can work together to make this the most successful public listing for our business. I want to take a moment to thank Ira Levy who has worked tirelessly to make this CPC deal happen. He had tremendous support from Jennifer Thomas as well as our head of business development, Elad Barak. I think I speak for all of us at Province in saying that we can barely contain our excitement about this deal closing and the opportunities it represents. Thank you Ira, Jennifer, and Elad for making this happen.