Prime Harvest Announces SEC Approval to Begin Reg A+ Offering
Prime Harvest Inc. (the Company) and JAXX Cannabis today announce the qualification of its equity offering under Regulation A+ (the “Offering”) hosted on Weed4ThePeople.com.
The Offering has officially been qualified by the U.S. Security Exchange Commission (“SEC”) effective January 25, 2023, giving the Company authorization to begin its anticipated offering, Weed 4 The People.
The Offering will allow both accredited and non-accredited investors to own part of Prime Harvest Inc., a technology-focused full-service cannabis corporation horizontally diversified across various segments of the cannabis value chain including licensing, acquisition and compliance management, and direct-to-consumer operations.
Proceeds from the Offering will help create a new benchmark in safe cannabis access through the expansion of JAXX Cannabis, the Company’s flagship retail store and delivery service in California.
The Regulation A+ (“Reg A+”) capital offering allows Prime Harvest Inc. to raise $75 Million from the general public and accredited investors. Prime Harvest Inc. is seeking to raise $42 Million at $4.20 per share.
Those interested in investing and learning more details can visit the official website here.
The shares of common stock will be issued under an offering statement on Form 1-A, as amended by the Post-Qualification Amendment No. 1 (File No. 024-11880) filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”), which was qualified by the SEC on January 25, 2023.
The offering is being made only using an offering circular, copies of which are available for free by visiting EDGAR on the SEC website at www.sec.gov.