Liberty Leaf Holdings Ltd. (OTCQB: LIBFF) (CSE: LIB) (FSE: HN3P) Closes $2 Million in Private Placement Financing

  • Company’s subsidiaries set sights on recreational use licensing, expansion
  • Total marijuana market in Canada forecast to hit $2.8 billion by 2020
  • Pet cannabis products for pain expected to form large market opportunity

Liberty Leaf Holdings Ltd. (OTCQB: LIBFF) (CSE: LIB) (FSE: HN3P) announced on January 22 that it had closed a private placement financing effort with $2 million in gross proceeds that will be used to speed completion of facility construction projects for its subsidiaries, North Road Ventures in the greater Vancouver area of Canada’s British Columbia and Just Kush Enterprises, located some 250 miles to the east. Just Kush has a license to cultivate medicinal-use marijuana at its Oliver facility and is applying for a license to produce recreational marijuana in anticipation of national legalization in July. North Road is a distributor of cannabis products to licensed retailers with plans to expand into the recreational market upon legalization.

“Liberty Leaf is pleased to have cornerstone investors from the cannabis industry participate in our equity offering,” Will Rascan, president and CEO of Liberty Leaf, stated in a news release about…

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