{"id":473420,"date":"2021-04-08T06:03:28","date_gmt":"2021-04-08T10:03:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473420"},"modified":"2021-04-08T06:03:28","modified_gmt":"2021-04-08T10:03:28","slug":"dynaleo-inc-completes-9-7-million-oversubscribed-equity-financing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dynaleo-inc-completes-9-7-million-oversubscribed-equity-financing\/","title":{"rendered":"Dynaleo Inc. Completes $9.7 Million Oversubscribed Equity Financing"},"content":{"rendered":"
\n

EDMONTON, Alberta, April 08, 2021 (GLOBE NEWSWIRE) — Dynaleo Inc. (\u201cDynaleo\u201d), an Edmonton, AB based manufacturer of cannabis-infused adult soft chews is pleased to announce that it has completed a non-brokered $9.7 million offering of class A common shares.<\/p>\n

\u201cWe have raised over $25 million since our inception and we are grateful for the support from our investors that continue to see the tremendous opportunity that lies ahead of us,\u201d said Executive Chairman Michael Krestell. \u201cCompleting this financing allows us to accelerate the growth of our Sunshower and DYNATHRIVE CBD cannabis-infused soft chews as we continue the rollout of these products across Canada. We are also discussing additional financing options with a number of organizations to further enhance our financial flexibility,\u201d said Krestell.<\/p>\n

Since obtaining its sales license in November 2020, Dynaleo has already successfully launched its Sunshower and DYNATHRIVE CBD soft chews in western Canada and continues to expand distribution across the country.<\/p>\n

Krestell adds, \u201cWe are in a prime position to become the leader in edibles coast-to-coast by delivering consistent, delicious products for our loyal customers. Our main priority is to develop and manufacture products that consumers will deeply enjoy and trust, but behind the scenes, this requires complex supply chain management and the ability to navigate the highly regulated Canadian retail channel. Our recent financing provides us with all of the necessary liquidity to achieve our goals.\u201d<\/p>\n

\n About Dynaleo<\/strong>\n <\/p>\n

Dynaleo is an Edmonton, Alberta-based licensed processor that is focused on manufacturing cannabis-infused adult soft-chews. Dynaleo’s purpose-built manufacturing plant contains specialized production equipment to produce precisely dosed cannabinoid-infused edibles for the Canadian market. Dynaleo\u2019s mission is to create the finest infused soft chews that enable consumers to enjoy cannabinoids without the negative health effects of inhalation.<\/p>\n

\n Media enquiries:<\/strong>
\n
Aubrey J. Lovery\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
Director, Marketing & Communications
aubrey.lovery@dynaleo.com
647-518-8785<\/p>\n

For more information, please contact Dynaleo at info@dynaleo.com<\/a>\u00a0<\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

EDMONTON, Alberta, April 08, 2021 (GLOBE NEWSWIRE) — Dynaleo Inc. (\u201cDynaleo\u201d), an Edmonton, AB based manufacturer of cannabis-infused adult soft chews is pleased to announce that it has completed a non-brokered $9.7 million offering of class A common shares. \u201cWe have raised over $25 million since our inception and we are grateful for the support from our investors that continue to see the tremendous opportunity that lies ahead of us,\u201d said Executive Chairman Michael Krestell. \u201cCompleting this financing allows us to accelerate the growth of our Sunshower and DYNATHRIVE CBD cannabis-infused soft chews as we continue the rollout of these products across Canada. We are also discussing additional financing options with a number of organizations to further enhance our financial … <\/p>\n

Continue reading “Dynaleo Inc. Completes $9.7 Million Oversubscribed Equity Financing”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-473420","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDynaleo Inc. Completes $9.7 Million Oversubscribed Equity Financing - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dynaleo-inc-completes-9-7-million-oversubscribed-equity-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dynaleo Inc. 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