Nass Valley Gateway Ltd (NVG.CN) Announces Pending Capital Raise Update for Its Subsidiary Nass Valley Gardens Inc.

Rhea-AI Summary

Nass Valley Gateway Ltd announces a change in its US subsidiary's capital raise strategy, transitioning from utilizing the Regulation A+ Exemption to engaging alternative capital partners. The initial plan was to raise up to US$75 million through Regulation A+, but the company is now seeking the best financial partner and capital market terms for its growth initiatives in 2024.

WEST PALM BEACH, FL, Feb. 08, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Nass Valley Gateway Ltd (CSE: NVG.CN), (OTC Pink: NSVGF), (FSE: 3NVN) is pleased to announce significant corporate developments pertaining to its US subsidiary's capital raise strategy.

Capital Raise Strategy Transition

Nass Valley Gateway's US subsidiary, Nass Valley Gardens Inc., is changing its capital raise strategy from utilizing the Regulation A+ Exemption to engaging alternative capital partners. Management had previously announced on 02/04/22 it would embark on a Regulation A+ ("Reg-A+") raise, initially intended to bring in up to US$75 million. This strategy shift reflects NV Gardens' commitment to securing the strongest financial partner and best capital market terms available for the benefit of all stakeholders as NV Gateway continues to pursue its growth initiatives in 2024.

About Nass Valley Gateway Ltd.

Since 2019, Nass Valley Gateway Ltd has been dedicated to the sales and distribution of organic, non-GMO hemp-based CBD products via its US subsidiary, Nass Valley Gardens Inc. Its line of CBD products has enabled NVG to reach various markets, including pain remediation, sleep enhancement, focus, dermatology, anti-aging, pet care, and beauty products.

Contact Information:
Company: Nass Valley Gateway Ltd.
Address: 422 Richards Street, Suite 170, Vancouver, V6B 2Z4, Canada
Phone: 609-651-0032
Email: michael.s@nassvalleygateway.com
Website: www.nassvalleygateway.com

We seek safe harbor.

[Note: This press release is for informational purposes only and does not constitute an offer or sale of securities. Any such offer will be made in compliance with applicable state and federal securities laws pursuant to Regulation A of the Securities Act of 1933.]

FAQ

What is Nass Valley Gateway Ltd's ticker symbol?

Nass Valley Gateway Ltd's ticker symbol is NSVGF.

What was the initial amount intended to be raised through Regulation A+?

The initial plan was to raise up to US$75 million through Regulation A+.

What is the new capital raise strategy for Nass Valley Gardens Inc.?

Nass Valley Gardens Inc. is transitioning from utilizing the Regulation A+ Exemption to engaging alternative capital partners.

When was the strategy shift announced?

The strategy shift was announced on 02/04/22.