Craftport Cannabis Corp.

Recent News

  • Craftport Cannabis Closes $1.5 Million Private Placement

    Peachland, British Columbia--(Newsfile Corp. - July 19, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering (the "Offering") of 18,750,000 common shares (each, a "Common Share") at a price of $0.08 per common share for gross proceeds of $1.5 million. The Company initially announced the Offering in a press release on May 27, 2022. Net proceeds of the Offering are expected to be...

    2022-07-19 7:00 AM EDT
  • Craftport Cannabis Announces Appointment of New Chief Executive Officer

    Peachland, British Columbia--(Newsfile Corp. - July 6, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") is pleased to announce that Mr. Feng Lv has been appointed as the Chief Executive Officer and Director of the Company. Mr. Lv replaces Michael Cosic as the Company's CEO and will fill the vacancy created from the resignation of Mr. Cosic as a director of the Company. Mr. Cosic held the CEO position since May 2021and has been...

    2022-07-06 12:02 PM EDT
  • Craftport Cannabis Announces Extension of Maturity Date and Security Granted over Outstanding Loans for $1.45 Million

    Peachland, British Columbia--(Newsfile Corp. - June 24, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") announces that it has entered into a loan agreement (the "Loan Agreement") with an arms'-length party (the "Lender") for the purpose of documenting numerous advances, for an aggregate principal amount of $1,450,000 (the "Loan"), previously received by the Company between January 2021 and December 2021. In addition, the Company has set December 31, 2023 as the maturity date in respect of...

    2022-06-24 7:00 AM EDT
  • Craftport Cannabis Provides Financing Update

    Peachland, British Columbia--(Newsfile Corp. - May 27, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering (the "Initial Offering") of 18,750,000 common shares (each, a "Common Share") at a price of $0.08 per common share for gross proceeds of $1.5 million. Further, the Company is pleased to announce an additional private placement of up to $1.5 million (the "Additional Offering", and together...

    2022-05-27 7:30 AM EDT
  • Craftport Cannabis Announces Extension of Maturity Date and Security Granted over Outstanding Loans for $1.99 Million

    Peachland, British Columbia--(Newsfile Corp. - April 14, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") announces that it has entered into a loan agreement (the "Loan Agreement") with an arms'-length company (the "Lender") for the purpose of documenting numerous advances, for an aggregate principal amount of $1,990,000 (the "Loan"), previously received by the Company between August 2020 and December 2021. In addition, the Company has set December 31, 2023 as the maturity date in respect...

    2022-04-14 7:30 AM EDT
  • Craftport Cannabis Provides Various Corporate Updates

    Vancouver, British Columbia--(Newsfile Corp. - April 8, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") provides the following corporate updates.Issuance of Shares for Debt SettlementIn order to preserve cash to fund operations and reduce debt on the Company's balance sheet to facilitate attracting new capital financing, the Company has settled certain outstanding accounts payable with non-related parties in the aggregate amount of $124,316 through the issuance of 1,130,141 common shares (the "Settlement Shares") of the Company...

    2022-04-08 7:00 AM EDT
  • Craftport Cannabis Provides Corporate Update

    Vancouver, British Columbia--(Newsfile Corp. - April 1, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") provides the following corporate update regarding the progress of its asset-light business model, and the sale of the Pitt Meadows facility.Asset-Light Business ModelFurther to the Company's prior press releases issued on October 25, 2021 and December 13, 2021, the Company determined that it is in its best interest to focus on the Canadian premium craft cannabis recreational market by utilizing an...

    2022-04-01 7:00 AM EDT
  • Craftport Cannabis Announces Cancellation of Non-brokered Private Placement

    Vancouver, British Columbia--(Newsfile Corp. - March 8, 2022) - Craftport Cannabis Corp. (CSE: CFT) ("Craftport Cannabis" or the "Company") announces that further to the Company's news release dated January 25, 2022, it will not be proceeding with the non-brokered private placement of up to 15,000,000 common shares at a price of $0.20 per common share for total proceeds of $3 million as announced on January 25, 2022.The Company continues to have financing discussions with several parties regarding an alternative financing...

    2022-03-08 7:00 AM EST