Kush Bottles, Inc. (OTCQB: KSHB) announced on June 8th that the company has definitively agreed to a direct offering with investors. The accepted direct offering is for the purchase and sale of 7,500,000 common shares, par value $0.001 per common share, and warrants to purchase of up to 3,750,000 shares of common stock at the combined offering of $4.80 per share.
The estimated total gross proceeds from the offering is $36,000,000.
Kush Bottles will use the proceeds to further the company’s position as one of the leading companies for packaging solutions within the medical and recreational cannabis industry.
The closing date for the direct offering is on or about June 12th, 2018.