Pure Global Cannabis Inc. (TSXV:PURE) announced that it has entered into an equity line for private placement of units with Alumina Partners (Ontario) Ltd. on November 28, 2019. The company has announced that it will draw-down on the first tranche of its equity financing facility. The company will issue 2,777,778 units at a price of CAD 0.07125 per unit for gross proceeds of CAD 197,916.6825. Each unit will consist of one common share and one common share purchase warrant. The warrants have an exercise price of CAD 0.1235 for a period of 40 months from the date of issuance, subject to certain acceleration rights. All of the securities issuable in connection with the first tranche are subject to a hold period expiring four months and one day after date of issuance. The closing of the first tranche is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the TSX Venture Exchange.