DCSX has approved the listing of a maximum of 21,488,000 trade-able shares of True North Agri N.V. (DCSX Symbol: TRUE) @ USD 1.50 with an initial market capitalization of USD 32.23 million.  PYGG Corporate Finance B.V. is the mandated Listing Advisor.

True North Agri N.V. is incorporated under the laws of Curaçao as a public limited liability company on April 20, 2020. The Company has been formed for the purpose of raising capital and financing the business development of True North Agri Inc, a start-up in the hemp-derived Cannabidiol (CBD) market which is entering the ‘scale-up phase’. Besides financing the scaling-up and further development of True North Agri Inc.

The Company’s objective is to acquire other companies and/or business assets when opportunities in the market arrive. True North Inc. has become a 100% subsidiary of the Company, effective on May 29th, 2020. The Group’s strategy is to become a leader in the sales and brokerage of the global hemp-derived CBD products and a significant player into the supply chain to penetrate the global markets. True North Agri is a fully licensed as a hemp producer, processor, and sales agent in Canada. The Directors, Dharamvir Gill, Sean Alston, Ricky Brar, and Swarandeep Brar have a proven track record in developing global business and for rapidly scaling development stage companies into profitable businesses.

The Offering is being undertaken to raise up to USD 15,000,000 (before expenses). Proceeds of the Offering will be applied to the further development of True North. The largest part of the proceeds of the Offering will initially be applied as a reserve for business development including opportune target acquisitions and working capital. The listing on the DCSX will elevate the Group’s profile, ease dealings with banks while the DCSX is supposed to create liquidity and add to the market value of the Company. The Investor funding will allow the Company to start fulfilling contracts and opportunities that it has pursued with strategic partners and prospective clients.

Further details about the business can be found on our Markets page on this website under Equities Symbol TRUE.