Wednesday, August 5, 2020

Bluma Wellness Inc. - BWEL.U

Bluma Wellness Inc. - BWEL.U assembled one of the most experienced and talented teams in cannabis cultivation in the world. The talent made it clear that they were only willing to go on this journey to be the best, not the biggest.

The company's goal is a significant increase in the available premium cannabis product to sell to its customers after recent investment in cultivation and processing facilities in Florida. The company operates 4 stores with plans for 10 by the end of Q4. Production has gone from 300 pounds a month to 1,500 pounds a month.

On July 24, 2020 the company released News 

Bluma Wellness Inc. has agreed to issue 4,480,238 non-transferable common share purchase warrants to AFC Warehouse LLC (also known as Advanced Flower Capital) pursuant to the terms and conditions of the existing $15-million (U.S.) non-revolving, staged advance loan between Advanced Flower Capital and CannCure Investments Inc., a subsidiary of the company. The construction loan is being used, in part, to finance the expansion and completion of the company's facilities at the Indiantown greenhouse facility.