Planting hope (mylk) announces new private placement and signs memo of understanding for equity investment and credit facility

Not for distribution to u.s. news wire services or dissemination in the united states chicago, il and vancouver, bc / accesswire / april 2, 2024 / the planting hope company inc. (tsxv:mylk)(otcqb:mylkf)(fra:j94) ("planting hope" or the "company") is pleased to announce its execution of a memorandum of understanding ("mou") with a us-based investment fund (the "fund") to secure up to $7m usd (~$9.5m cad) in financing. subject to the completion of due diligence, the receipt of all required regulatory, third party and other approvals, and satisfaction of certain other conditions, the fund has agreed to act as lead investor together with other us based investors to provide $2m usd ($2.7m cad) in equity capital through participation in the offering (as defined below) and $5m us ($6.75m cad) in debt financing (the "debt financing").
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