Simply Better Brands To Raise Up To $2M As It Increases Private Placement Offering Of Units

Simply Better Brands Corp. (TSX:SBBC) (OTCQB:PKANF) announced that it intends to increase the size of the non-brokered private placement to up to 580,046 units of the company at a price of CA$4.31 ($3.4) per unit for aggregate gross proceeds of up to roughly CA$2.5 million.

The net proceeds of the offering will be used by the company to repay debt and for working capital. No commissions or fees are payable in connection with this offering.