IN BRIEF: Chill Brands nets GBP3.5 million via subscription, loan notes

Tue, 26th Apr 2022 20:25

Chill Brands Group PLC - Grand Junction, Colorado-based cannabidiol products - Says it is raising GBP3.5 million from investors including its largest shareholder, the Schrader family. Chill says that it has raised GBP583,334 through the issue of 29.2 million new shares at a price of 2 pence each and GBP2.9 million via convertible notes.

Current stock price: 4.88 pence

12-month change: down 92%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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