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Mind Cure Announces Non-Brokered Private Placement of $3 Million

Ryan Allway

November 15th, 2020

Psychedelics

Mind Cure Health Inc. (CSE: MCUR) (OTCQB: MCURF) (FRA: 6MH) (“Mind Cure”or the “Company”) wishes to announce that it will be conducting a non-brokered private placement to raise $3,000,000 (the “Offering“). The Offering will consist of up to 6,666,666 units at a price of $0.45 per unit (the “Units“). Each Unit will consist of one common share and one common share purchase warrant (each, a “Warrant“). Each Warrant will be exercisable into one common share in the capital of the Company at an exercise price of $0.60 per share for a period of 24 months after the date of issue.

The Offering is available to subscribers under a number of available prospectus exemptions, including the accredited investor exemption, and the Company has received subscription commitments in the aggregate amount of $3 million. It is anticipated that the Offering will close during the week of November 16, 2020.

The proceeds from the Offering will be used to further the Company’s evaluation of new product candidates, support the existing product line, increase spending for investor relations, advertising and marketing, hire and engage additional parties to help achieve the Company’s business goals and objectives and for general working capital purposes. Completion of the private placement is subject to receipt of regulatory approval, including from the Canadian Security Exchange (“CSE“). All securities issued pursuant to the Offering will be subject to hold period of four months and a day hold from the date of closing. Finders’ fees in cash and warrants may be payable in accordance with the policies of the CSE.

About Mind Cure Health Inc.

Mind Cure is a mental health and wellness company with a mission to identify, develop and commercialize products that ease suffering, increase productivity, and enhance mental health. It is the therapeutic potential of nootropics, psychoactive products, and psychedelic substances to treat the profound distress of a world suffering from a mental health crisis that led to the formation of Mind Cure.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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