Vancouver-based, Coho Collective Kitchens Inc. ("Coho Collective"), a creator of innovative ghost kitchen solutions, announces the closing of a successful oversubscribed non-brokered private placement (the "Offering") for aggregate gross proceeds of C$3 million.
With the COVID-19 pandemic shifting consumer habits towards increased use of delivery, Coho Collective has seen tremendous growth. The company intends to use half of the proceeds from the Offering to expand to five new locations throughout Vancouver, the Sunshine Coast and Victoria. The remaining funds will to be used to hire key talent for corporate expansion and potential acquisitions of companies within the market.
Fasken advised Coho Collective with a team led by Ally Bharmal and Steve Saville (Corporate Finance/M&A).
Jurisdiction
- British Columbia
