Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PURE HARVEST CORPORATE GROUP, INC.

(PHCG)
SummaryQuotesChartsNewsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

PURE HARVEST CORPORATE GROUP, INC. : Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities (form 8-K)

07/09/2021 | 06:04am EDT

ITEM 1.01. Entry Into a Material Definitive Agreement.

On July 2, 2021, the Company entered into a definitive share purchase agreement (the "Agreement") with Kingpins International, Inc. ("Kingpins").

The equity investment is expected to occur in two tranches. For the first tranche, Kingpins will pay $15,000,000 for shares of the Company's restricted common or preferred stock prior to August 16, 2021. For the second tranche, Kingpins will pay $15,000,000 for shares of the Company's restricted common or preferred stock within ninety (90) days of the funding of the first tranche.

The foregoing description of the Agreement is qualified in its entirety by reference to the copy of the Agreement which is filed as Exhibit 10.9 to this report on Form 8-K.

ITEM 3.02. Unregistered Sale of Equity Securities.

The Company relied upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933 in connection with issuance of the securities described in Item 1.01 of this report. Kingpins was a sophisticated investor and was provided full information regarding the Company's business and operations. There was no general solicitation in connection with the sale of these securities. Kingpins acquired these securities for its own account. The certificates representing the securities will bear a restricted legend providing that they cannot be sold except pursuant to an effective registration statement or an exemption from registration.

© Edgar Online, source Glimpses

All news about PURE HARVEST CORPORATE GROUP, INC.
09/10CORRECTION AND UPDATE : Pure Harvest Group Provides Corporate and Operational Update
GL
09/08PURE HARVEST CORPORATE : Group Provides Corporate and Operational Update
AQ
09/03PURE HARVEST CORPORATE GROUP, INC. : Entry into a Material Definitive Agreement, Creation ..
AQ
09/03Pure Harvest Corporate Group, Inc. Completes the Sale of Promissory Note in the Princip..
CI
09/02PURE HARVEST CORPORATE GROUP, INC. : Entry into a Material Definitive Agreement, Financial..
AQ
08/26Pure Harvest Corporate Group, Inc. announced that it has received $0.376 million in fun..
CI
08/16PURE HARVEST CORPORATE : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND R..
AQ
08/16Pure Harvest Corporate Group, Inc. Reports Earnings Results for the Second Quarter Ende..
CI
08/03PURE HARVEST CORPORATE : to Supply CBD, Health and Wellness Products to Doc.U.Care, Inc.
AQ
08/03Pure Harvest Corporate Group, Inc. to Supply CBD, Health and Wellness Products to Doc.U..
CI
More news
Financials (USD)
Sales 2020 0,74 M - -
Net income 2020 -6,35 M - -
Net Debt 2020 2,87 M - -
P/E ratio 2020 -3,88x
Yield 2020 -
Capitalization 27,1 M 27,1 M -
EV / Sales 2019 431x
EV / Sales 2020 46,6x
Nbr of Employees 25
Free-Float 85,8%
Chart PURE HARVEST CORPORATE GROUP, INC.
Duration : Period :
Pure Harvest Corporate Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Matthew D. Gregarek Chairman & Chief Executive Officer
David Burcham President & Director
Alexander Glueckler Chief Financial & Accounting Officer
Peyton Bowman Chief Operating Officer
Donnie Emmi Director
Sector and Competitors