STWC Holdings, Inc. announced that it expects to receive $0.4 million in funding from Tangiers Global, Llc, Asset Management Arm
June 19, 2019
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STWC Holdings, Inc. (OTCPK:STWC) announced that it has entered into a convertible note purchase agreement with Tangiers Global, Llc, Asset Management Arm on June 20, 2019. The company will issue a fixed convertible promissory note for proceeds of $400,000. The note is convertible into common shares at a conversion price of $0.65 per share or 60% of the lowest trading price of our common stock during the 15 consecutive trading days prior conversion and will be issued at an original issue discount of $155,000. The company also issue warrants to purchase 1,100,000 shares at an exercise price of $1.25. The note will mature in six months from the effective date of each payment. The note bears an interest rate of 10% per annum. The prepayment amount will be equal to 110% of the principal amount if paid under 90 days from the date of issuance, 120% if paid between 91 to 120 days and 130% if paid between 121 to 180 days. The securities are being issued pursuant to Section 4(a)(2) of the Securities Act, and Rule 506(b) of Regulation D.
STWC Holdings, Inc., formerly Strainwise, Inc., is engaged in providing services to the retail marijuana outlets and marijuana cultivation facilities. The Company is engaged in provide branding marketing, administrative, accounting, financial and compliance services (Fulfillment Services) to medical and retail stores, and cultivation facilities in the regulated cannabis industry throughout the United States.
STWC HOLDINGS, INC. 
