12% promissory notes due Oct. 31, 2018 were sold to seven investors
By Devika Patel
Knoxville, Tenn., Jan. 6 - Advanced Cannabis Solutions, Inc. raised $530,000 in a private placement of convertible promissory notes with seven investors on Dec. 27, according to an 8-K filed Monday with the Securities and Exchange Commission.
The 12% notes convert to common stock at $5.00 per share. The notes mature on Oct. 31, 2018.
The private Colorado Springs, Colo., company rents growing space and facilities to licensed marijuana growers and dispensary owners.
Issuer: | Advanced Cannabis Solutions, Inc.
|
Issue: | Convertible promissory note
|
Amount: | $530,000
|
Maturity: | Oct. 31, 2018
|
Coupon: | 12%
|
Conversion price: | $5.00
|
Warrants: | No
|
Settlement date: | Dec. 27
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.