Silo Wellness (OTCQB:SILFF), a publicly-traded company that offers psychedelic retreats in Jamaica, has announced that the investing firm Alpha Blue Ocean has managed a CA$5,950,000 (around $4,720,000) financing arrangement for the company. Silo entered a subscription agreement with an investment fund (managed by Alpha Blue Ocean) that provides for the issuance of convertible debentures.
The subscriber is committed to funding the company up to CA$5,950,000, by subscribing to a CA$7,300,000 aggregate principal amount of convertible debentures in twenty tranches, each in the aggregate principal amount of CA$350,000.
