Uncategorized
Monday, October 2nd, 2023 11:30 pm EDT
Key Points
- Justera Health Ltd. has filed a new offering document under the listed issuer financing exemption, amending the terms of its previously announced offering.
- The minimum offering amount has been increased from $500,000 to $750,000, with the company intending to issue a minimum of 25 million common shares and a maximum of 50 million common shares at a price of three cents per share.
- The offering is scheduled to close in one or more tranches by no later than Nov. 13, 2023, and will be used to support the opening of the company’s retail establishments, marketing Naturevan products, acquiring new equipment, promoting its wellness business, and covering general working capital needs, aiding the company’s expansion and long-term growth strategy in the health and wellness sector.
Justera Health Ltd. has filed a new offering document under the listed issuer financing exemption. The company has withdrawn the original offering document dated and filed Aug. 22, 2023 (see press release dated Aug. 21, 2023), and has amended the terms of the previously announced offering. The company has increased the minimum offering from $500,000 to $750,000. Pursuant to the new offering, the company intends to issue a minimum of 25 million common shares and a maximum of 50 million common shares of the company at a price of three cents per share for gross proceeds of a minimum of $750,000 and a maximum of up to $1.5-million.
The offering is scheduled to close in one or more tranches with the final closing no later than Nov. 13, 2023, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 — Prospectus Exempt Distributions), the offering is being made to purchasers’ who reside in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities offered under the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.
There is an offering document related to the offering that can be accessed under the company’s profile at SEDAR+ and on the company’s website. Prospective investors should read this offering document before making an investment decision.
The net proceeds from the Offering will be utilized for the purpose of opening the company’s retail establishments, marketing and promoting Naturevan products to enhance sales, acquiring new equipment, facilitating the marketing and promotion of its recently acquired wellness business, and supporting general working capital needs.
The offering will allow the company to raise money by selling securities to a limited number of potential investors in order to help increase company capital for further expansion and to support the company’s long-term growth strategy.
About Justera Health Ltd.
Established in 2020, Justera Health is a Canadian company focused on health and wellness. Through its services, innovative products, strategic partnerships, Justera empowers individuals to prioritize their well-being. With four subsidiaries, it offers personalized healthcare services and solutions, such as IV vitamin therapy, premium nutritional supplements through its Naturevan Nutrition brand, a full 360-degree wellness and spa experience through Juillet Wellness that provides registered massage therapy, acupuncture, and new retail stores in Vancouver that sell the Naturevan brand, as well as a carefully curated range of offerings from other companies within the wellness and holistic industry. Justera’s mission is to enhance Canadians overall well-being with diverse solutions catering to individual needs.
