Doseology Announces $2M Financing to Accelerate Commercialization of Oral Stimulant Pouch Platform
Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to acquire one additional Share at a price of
All securities issued pursuant to the Offering will be subject to a statutory hold period of four (4) months and one (1) day from the date of issuance. In addition, the securities issued pursuant to the Offering will be subject to the following contractual resale restrictions: (i) one-third (1/3) may be sold on the date that is four (4) months and one (1) day from closing of the Offering, (ii) one-third (1/3) may be sold on the date that is eight (8) months from closing of the Offering, and (iii) the remaining one-third (1/3) may be sold on the date that is twelve (12) months from closing of the Offering.
The Company may pay finders' fees to eligible finders in accordance with applicable securities laws and the policies of the CSE. Closing of the Offering remains subject to customary closing conditions, including approval of the CSE.
The Company intends to use the net proceeds of the Offering to advance its commercialization strategy for oral pouch products, including production equipment, pilot manufacturing facility development, initial production runs, inventory build, marketing and distribution expansion, and general working capital.
"This financing positions Doseology to advance its commercialization strategy and scale production capabilities," said
About Doseology Sciences Inc. (CSE: MOOD | OTCQB: DOSEF | FSE: VU70)
From a market perspective, the oral pouch category is experiencing strong global growth as consumers increasingly prioritize convenience, portability, and format innovation. The pouch sector represents one of the most dynamic and high-growth areas in modern functional consumer products.
For more information visit:
Corporate: www.doseology.com
Shop: www.feedthatbrain.com
On behalf of the Board of Directors,
CEO, Director
Investor & Media Contact:
Email:hello@doseology.com
Phone: 604.908.3095
Forward Looking Statements
This news release contains "forward‑looking information" within the meaning of applicable Canadian securities laws ("FLI"). In this news release, FLI includes statements regarding, among other things: the completion and timing of the Offering; the receipt of required regulatory approvals, including approval of the CSE; the intended use of proceeds of the Offering; the Company's ability to advance its commercialization strategy for oral pouch products (including the acquisition of production equipment, development of a pilot manufacturing facility, initial production runs, inventory build, and marketing and distribution expansion); and the Company's business and growth plans relating to its oral pouch and functional stimulant product technologies.
FLI is based on management's current expectations, estimates, projections and assumptions as of the date hereof. Assumptions include, among other things: that the Company will be able to complete the Offering on the terms described (or at all); that the Company will satisfy customary closing conditions; that market conditions will remain conducive to the Offering; that suppliers, contractors and other third parties will perform as expected in connection with equipment procurement and facility development; and that the Company will be able to execute its commercialization plans and deploy the net proceeds as intended.
FLI is subject to known and unknown risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by FLI. These risks include, among other things: the risk that the Offering is not completed on the proposed terms or within the anticipated timeframe (or at all); the risk that required regulatory approvals, including approval of the CSE, are not obtained; changes in general economic, financial market and business conditions; supply chain disruptions and cost increases affecting equipment procurement, facility development, production and inventory; and other risks described in the Company's continuous disclosure filings available on SEDAR+ at https://www.sedarplus.ca.
Readers are cautioned not to place undue reliance on FLI. The Company does not undertake to update or revise any FLI, except as required by applicable securities laws.
No securities regulatory authority has either approved or disapproved of the contents of this press release.
The securities offered have not been registered under the
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