Agoracom Blog Home

Posts Tagged ‘David Reingold’

VIDEO – Molecule Holdings $MLCL Unveils Cannabis-Infused Beverage Line-up and Brand Identity in Anticipation of Summer Sales Surge $TPX.A.ca $ACB.ca $BEV $WEED.ca

Posted by AGORACOM-JC at 7:05 PM on Sunday, May 2nd, 2021
Molecule MLCL

Working at the cutting edge of the nascent cannabis industry, Molecule Holdings is a Canadian, craft-focused, cannabis beverage production company.

Boasting a 200,000 square foot production facility based in Ontario, the company has been given a green light to sell its unique line of cannabis-infused beverages throughout Canada, starting in Ontario and Québec.

On Wednesday (April 28), the firm officially unveiled the line of new brands and products that will be available to consumers in Canada as of May 2021. It is a significant milestone which, crucially, will see the Ontario Cannabis Store (OCS) stocking Molecule’s beverages in time for the all-important summer sales season.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7979/82059_craftshelf.jpg

The company also introduced the Molecule Crafted™ label designation, found on all products produced by Molecule. The company’s goal is for Molecule Crafted™ to be synonymous with reliability, consistency, Canadian and craft for consumers. The brand should become known to represent phenomenal customer service and retail support at the wholesale level.

On the heels of the company’s AGM on Friday (April 30), we sat down with David Reingold, director and strategic advisor for Molecule Holdings, to dissect the news…

Molecule Holdings Inc. $MLCL.ca Announces Private Placement Offering of Senior Secured Convertible Debenture Units $TPX.A.ca $ACB.ca $BEV $WEED.ca

Posted by AGORACOM-AB at 10:19 AM on Friday, March 19th, 2021
Molecule MLCL

March 19, 2021 – Ottawa,  Ontario – Molecule Holdings Inc. (CSE:MLCL) (CNSX:MLCL.CN) (“ Molecule ” or the “ Company ”), is pleased to announce that it has completed a non-brokered private placement offering (the “ Offering ”) of 1,000 senior secured convertible debenture units (each a “ Unit ”, collectively the “ Units “) for gross proceeds of $1,000,000.  

Each Unit is comprised of $1,000 in principal amount (the “ Principal Amount ”) of senior secured convertible debenture (each, a “ Debenture ”, collectively the “ Debentures ”) and one share purchase warrant (each a “ Warrant ”, collectively the “ Warrants ”) for each $0.30 of Principal Amount, each Warrant entitling the holder thereof to acquire one common share of the Company (each a “ Warrant Share ”, collectively the “ Warrant Shares ”) at an exercise price of $0.23 per Warrant Share (the “ Exercise Price ”) (subject to adjustment) for a period of thirty-six (36) months from the date of closing of the Offering (the “ Closing ”), expiring on March 18, 2024.

The Debentures will bear interest at a simple rate of 8.00% per annum, payable quarterly in cash beginning on June 30 th , 2021, and maturing eighteen (18) months from the date of issuance, being September 18, 2022 (the ” Maturity Date “).   The holders of the Debenture are entitled to convert the Principal Amount of the Debentures at any time prior to the Maturity Date into common shares of the Company at a conversion price of $0.15 (the “ Conversion Price ”), subject to adjustment.  

As of the date that is four (4) months and one (1) day following the Closing Date, the Company will have a right to prepay or redeem the Principal Amount, in whole or in part, at par plus accrued and unpaid interest at any time by providing a minimum of 30 days’ and a maximum of 60 days’ notice.

Read More: https://agoracom.com/ir/MoleculeHoldings/forums/discussion/topics/757660-molecule-holdings-inc-announces-private-placement-offering-of-senior-secured-convertible-debenture-units/messages/2308946#message

Molecule Holdings’ $MLCL.ca Landmark Deal with Ontario Cannabis Store Gives it Confirmed Shipping Date to Bring 5 Infused Craft Beverages to Market $BEV $KBEV

Posted by AGORACOM-JC at 9:14 AM on Thursday, March 11th, 2021
Molecule

Working at the cutting edge of the nascent cannabis industry, Molecule is a Canadian, craft-focused, cannabis beverage production company.

Boasting a 200,000 square foot production facility based in Ontario, the company has just been given the green light to begin selling its unique line of cannabis-infused beverages throughout Canada, starting in Ontario and Québec.

  • Molecule now has its first order-ins from the Ontario Cannabis Store (OCS) and a confirmed shipping date.
  • Molecule will bring 5 brands to the market in this first order, matching the number of Ready-to-Drink products offered by the category leader in the market, which also has 5 brands on offer. 
  • This confirms Molecule will be shipping product in Q1 2021. Much of the product is already inventoried. Inventory accumulation continues daily now.
  • The company recently received a major shipment of Aluminum Cans, allowing it to ramp up production.

Check out our exclusive one-on-one with David Reingold, Director and Strategic Advisor, Molecule Holdings:

Molecule $MLCL.ca Receives Opening Pipeline Orders from Ontario Cannabis Store and Commits to Shipping Date of March 25 $TPX.A.ca $ACB.ca $WEED.ca

Posted by AGORACOM-AB at 8:55 AM on Thursday, March 11th, 2021
Molecule

March 11 2021 Ottawa, Ontario – Molecule Holdings Inc. (CSE:MLCL) (CNSX:MLCL.CN) (“ Molecule ” or the “ Company ”), a Canadian craft-focused cannabis beverage production company, is pleased to announce that it has received its first pipeline fill orders for 5 of its brands from the Ontario Cannabis Store (“ OCS ”), and has committed to shipping to the OCS Distribution Centre by March 25. The OCS anticipates further follow-up PO’s, “one and two weeks after launch”.

“This is a very exciting day for the Molecule team as this marks an important new chapter for Molecule’s commercialization.  Having this type of representation in the largest cannabis market in the country is a testament to Molecule’s business model and will put us head-to-head with the biggest and the best in the Canadian cannabis industry,” said Molecule President and CEO Philip Waddington.

Read More: https://agoracom.com/ir/MoleculeHoldings/forums/discussion/topics/757072-molecule-receives-opening-pipeline-orders-from-ontario-cannabis-store-and-commits-to-shipping-date-of-march-25th/?message_id=2307582#message