DENVER, CO and CALGARY, AB / ACCESSWIRE / November 18, 2021 / Unified Global Corp (OTC PINK:CHYL) announced today that it closed its Series 1 of Convertible Notes. This initial $1.5M round of a planned total of US$50M in financing instruments, are designed for Family Offices & High Net Worth individuals.
"This will allow us to continue executing on our business plan of rolling up smaller EBITDA positive cannabis operators and helping these entrepreneurs monetize their hard work," stated Unified Global's CEO, Charles Hawley.
The Convertible Debentures were committed to by Vertical Freedom Management Fund Inc, of Prince George, British Columbia, Canada. "We're impressed with Unified's team, unique Can-Am strategy and thrilled to be able to participate in its growth," asserted Domenic Cinalli, Vertical's CEO.
Unified's Series 2 Offering of Preferred Shares for accredited investors are now being released which include a 12% dividend along with 20% warrant coverage.
About Unified Global
Unified Global is becoming a vertically integrated Canadian/American MultiState Operator(Can-Am MSO) by consolidating cannabis operations in mature markets into its newly acquired publicly traded company, led by an experienced team with significant cannabis operating expertise.
About Vertical Freedom Private Equity
Vertical Freedom Management Fund Inc. is a Private Equity firm led by Domenic Cinalli as CEO. They are a well-rounded team of persistent, repetitive, and consistent group dedicated to excellence.
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This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended(the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and actual results may differ materially from those projected in forward-looking statements resulting from various factors.
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SOURCE: Unified Global Corp.