The usual plan of action, make sure specific cashed up individuals and organisations with political connections control how the market is formulated. It’ll be an army of generals.
Cannabiz Aus write
The Stanley Brothers has offered large investors in its Birchal crowdfunding raise the opportunity to buy additional shares at the current offer price of 35 cents per share for up to two years.
In what it claimed was an Australian first for equity crowdfunding, the firm said the deal will apply to those investing over A$50k in the raise, which closes today (Thursday).
It added there will be no upfront costs for the warrant, with no obligation on investors to buy additional shares.
At at 8.40am today, Stanley Brothers has raised $746k from 439 investors as part of its stated plan to build an “army of advocates” to lobby for regulatory reform in Australia.
According to its prospectus, the company is looking to raise a maximum of $3m.
Meanwhile, via its joint venture with FoliuMed, Stanley Brothers said it is “actively pursuing” deals in the US, Brazil, Colombia, Germany, and other European Union countries following its Australian launch.
Read the full report at
Stanley Brothers offers ‘crowdfunding first’ to large investors
Also this just turned up in our inbox today … the sell is on!
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23 May 2024
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