General Cannabis Announces Closing of Private Financing and Preliminary Third Quarter Revenue

DENVER, Oct. 10, 2017, CANN, (GLOBE NEWSWIRE) General Cannabis Corp. (OTCQB:CANN), the comprehensive national resource to the regulated cannabis industry, today announced the closing of a private placement financing resulting in $725,000 of cash and cancellation of $25,000 of debt. The financing consisted of units sold at a price of $1.00 per unit, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $0.50
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