Agraflora Organics International Inc.'s subsidiary, SUHM Investments Inc., has completed a non-brokered private placement of 3.27 million common shares of SUHM at a price of 50 cents per common share for gross proceeds of $1,635,000. The securities issued pursuant to the offering are subject to a hold period of four months and a day from the later of the date of issuance of the common shares and the date that SUHM becomes a reporting issuer under the applicable securities laws. The proceeds of the offering are planned to be used by Edibles and Infusions Corp. for general continuing working capital and corporate purposes. |