Nevis Brands (CSE:NEVI, OTCQB:PSCBF) has closed a non-brokered private placement, issuing 1,272,400 common shares at $0.09 per share for gross proceeds of $114,516.
Funds will support working capital and marketing for hemp-derived beverages.
Directors purchased 1,022,400 shares, constituting a related party transaction under MI 61-101.
Issued securities are subject to a four-month statutory hold.