Wildflower Receives $435,000 from Warrant Exercise
VANCOUVER, British Columbia, April 20, 2017: Wildflower Marijuana Inc. (CSE: SUN) (FWB: RSP) (“Wildflower” or the "Company") announces that in addition to the $136,000 the Company received in February it has received an additional $435,000 from the exercise of warrants. Proceeds will be used for additional inventory and general corporate purposes.
While the outstanding warrants have a shotgun clause on them, the Company has decided against forced exercise of the outstanding warrants as capital requirements are currently being met. Further, warrants continue to be exercised regularly providing the Company additional funds.
Total outstanding warrants are currently 4.3 million with insiders controlling 1 million.
On Behalf of the Board of Directors
Director and CEO
The Canadian Securities Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release.