IPO Alert Spotlight - Dragonfly Biosciences

IPO Alert Spotlight - Dragonfly Biosciences

ISSUER: Dragonfly Biosciences Ltd. (the “Company”)

  • Dragonfly Biosciences is an award-winning seed-to-shelf cannabidiol (CBD) manufacturer with blue chip UK retail clients including Boots, Sainsburys, Amazon UK, Superdrug, eBay and Harrods.
  • The Company owns the entire value chain from its certified organic farms, extraction facilities and state-of-the-art laboratories used for producing premium CBD products.
  • Dragonfly produces a cannabidiol or CBD, a cannabinoid that is extracted from the cannabis or hemp plant, but avoids the psychoactive cannabinoid known as THC, which is the staple of recreational and some medicinal cannabis.
  • CBD has been proven to have beneficial use against insomnia, anxiety and stress, and potentially chronic pain.
  • The Company also produces lotions which are intended for general skin care, repair, protection and moisturising.

MARKETED OFFERING:

  • Dragonfly Biosciences Ltd is looking to undertake an IPO on ASX to raise between $3 million and $5 million via the issue of between 15 million and 25 million shares at an offer price of $0.20. The company will have an indicative market capitalisation of approximately $37.9 million at maximum subscription on a fully diluted basis.
  • The company will also be offering one (1) free-attaching Option for every two (2) Shares subscribed for exercisable at $0.35 each on or before 31 December 2024.
  • Applications close 5pm AEST Thursday 3 August 2023.

For more information or to express interest please contact

https://www.asx.com.au/markets/company/drf

USE OF PROCEEDS:

The net proceeds from the Offering will be used by the Company for the exploration of the Company’s Drayton-Black Lake Project in northwestern Ontario and for working capital and general corporate purposes.

Key Objectives:

The Company’s main objectives are:

expand the product offering with existing UK retail distribution following the FSA accreditation and through

new product development;

  • expand UK retail partnerships to continue to position Dragonfly UK to be the number one CBD brand in the UK;
  • expand accreditation to include EU Food Standards Agency (EFSA), Australian Therapeutic Goods Administration (TGA) and the FDA (US) to establish Dragonfly as one of the few UK FSA, EFSA, TGA and FDA compliant brands;
  • expand the white label/wholesale business line leveraging the FSA, EFSA, TGA and FDA accreditations and thus capitalising on Dragonfly UK’s large-scale extraction facility;
  • leverage the Company’s existing distribution network to establish new retail partnerships in the USA and APAC region; and
  • build brand awareness in the key markets where Dragonfly CBD is distributed.

AGENTS:

Finexia: https://www.finexia.com.au/dragonfly.html

Online Application: https://apply.automic.com.au/DragonflyBiosciences

TMD: https://finexia.com.au/dragonfly-tmd

Prospectus: https://finexia.com.au/dragonfly-replacement-prosp...

DISCLAIMER:

This publication has been prepared for information purposes only. The source of information is Dragonfly Biosciences Ltd.’s prospectus dated June 27, 2022. This publication is neither a solicitation for the purchase of securities nor an offer of securities. You are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in Dragonfly Biosciences Ltd.’s securities. Any investment decision should be based on the prospectus and any supplemental or replacement prospectus to it. The statements in this publication are statements of fact and must not be interpreted as financial advice or a recommendation. This publication does not take into account your individual investment objectives, financial situation or particular needs.

The issuer of the securities is Dragonfly Biosciences Ltd. A prospectus in relation to the issuer’s offer is available and can be obtained https://finexia.com.au/dragonfly-replacement-prospe.... Offers for the securities will only be made in, or accompanied by, a copy of the prospectus. A person should consider the prospectus in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in, or will accompany, the prospectus.


Please click here for more information

DRF:AU
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Passcode:

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International: 1-412-542-4136

Passcode:

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Trulieve Fourth Quarter and Full Year 2024 Results Call

An archived replay of the webcast will be available at:
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Facebook: @Trulieve
Instagram: @Trulieve _
X: @Trulieve

Investor Contact  
Christine Hersey , Vice President of Investor Relations
+1 (424) 202-0210
Christine.Hersey@Trulieve.com

Media Contact  
Phil Buck , APR, Corporate Communications Manager
+1 (406) 370-6226
Philip.Buck@Trulieve.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/trulieve-cannabis-corp-to-hold-fourth-quarter-and-full-year-2024-results-conference-call-on-february-27-2025-302368139.html

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Facebook: @Trulieve
Instagram: @Trulieve _
X: @Trulieve

Investor Contact  
Christine Hersey , Vice President of Investor Relations
+1 (424) 202-0210
Christine.Hersey@Trulieve.com

Media Contact  
Phil Buck , APR, Corporate Communications Manager
+1 (406) 370-6226
Philip.Buck@Trulieve.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/trulieve-cannabis-corp-to-hold-fourth-quarter-and-full-year-2024-results-conference-call-on-february-27-2025-302368139.html

SOURCE Trulieve Cannabis Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/05/c7953.html

News Provided by Canada Newswire via QuoteMedia

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