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Molecule Holdings Inc. $ Announces Private Placement Offering of Senior Secured Convertible Debenture Units $ $ $BEV $

Posted by AGORACOM 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.

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Molecule $ Receives Opening Pipeline Orders from Ontario Cannabis Store and Commits to Shipping Date of March 25 $ $ $

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

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.

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Molecule $ and Vortex Partner on Signing the Ontario Cannabis Store Master Supply Agreement and Launch of 11 Molecule Crafted Products $ $ $

Posted by AGORACOM at 10:11 AM on Wednesday, February 3rd, 2021
  • Molecule, Vortex and the OCS worked together to complete the requirements for the deal
  • Eleven of Molecule’s cannabis-infused beverage products have been submitted for sale on the OCS via Vortex
  • $ anticipates shipping to the OCS as early as March

February 3 2021, –  Ottawa,  Ontario – Molecule Holdings Inc. (C NSX :MLCL. CN )  (“ Molecule ” or the “ Company ”), a Canadian craft-focused cannabis beverage production company, is pleased to announce that its sales partner, Vortex Cannabis Inc. (“ Vortex ”) has signed a Master Supply Agreement with the Ontario Cannabis Store ( “OCS” ).

The agreement is in relation to 11 products that were previously submitted by Molecule, and have now been resubmitted with Vortex as licensed sales partner. 

“We continue to be incredibly pleased with the development of the partnership with Vortex.  Within a week of signing the sales amendment partnership, Molecule, Vortex and the OCS worked together to complete the requirements for the Master Supply Agreement, and have now submitted 11 SKUS to be sold to the OCS through Vortex.  This is great news for bringing the craft shelf to market ,” said President and CEO Phil Waddington.

“In anticipation of shipping to the OCS as early as March, we have switched gears from test production runs to inventory-ready production runs of all 11 products,” he added.

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