CNRP Mining reports update on X-Sprays purchase and $3M private placement

Toronto-based CNRP Mining Inc. (OTC:CRPGF) (CSE:CND), a company previously focused on mineral resource development in New Brunswick, announced from its Vancouver office that it has advanced US$300k to X-Sprays in connection with its July 21, 2017 LOI to purchase 100% of X-Sprays for $3M.

X-Sprays, a maker of state-of- the-art oral spray systems, has a line of 8 health care and nutraceutical products that enhance pain relief, awareness, sleep, libido energy and recovery. Four of the products include CBD ingredients. The company intends to expand its product line to include THC and more CBD sprays.

CNRP Mining anticipates signing a definitive agreement in September following due diligence. The agreement will give CNRP exclusive rights to distribute X-Sprays globally.

In connection with the agreement, CNRP intends to raise $3M in early September through a private placement of 10,000,000 shares sold at $0.30 per share. CNRP Mining stock has risen 300% in 6 months, from $0.30 to its current price around $0.90. The company’s market cap is $11.7M, and average volume is 24K shares.

Source: CNRP Mining

CNRP Mining reports update on X-Sprays purchase and $3M private placement

Cannin Investment Group: Your Hemp Stocks Experts

Cannin.com is your trusted resource for hemp stocks. Our team of financial experts evaluates all emerging hemp stock investing opportunities. We aggregate hundreds of hours of market research to provide tips on the best hemp stocks for 2020.

Use Cannin as your resource for:

Is it too late to invest in hemp stocks? No! This is the perfect time to invest.

Wall Street analysts expect the global cannabis industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in hemp stocks is now.

Are you interested in hemp stocks like GW Pharmaceuticals, Charlotte’s Web, Canopy Growth, or Hemp Inc.?

Are you looking to buy stock in hemp companies or marijuana companies in 2020? Interested in emerging penny hemp stocks? Interested in leveraging the power of algorithmic stock trades to profit from hemp stocks? Looking for the best Canadian cannabis stocks to invest in? We can help.

Predict price movements of hemp stocks several hours in advance with our proprietary algorithmic stock trading software.

+25% Gains in 2020
+49.8% Gains in 2019
Backtested since 2012

At Cannin, we’re so confident you’ll love our algotrading hemp stock signals, we’re willing to give you a one-month risk-free trial to see it for yourself.

Profit from the best hemp stocks – we’ll show you how at cannin.com.

Marijuana Stocks, Pot Stocks, Algorithmic Stock Trading, Hemp Stocks 2020

CNRP Mining reports update on X-Sprays purchase and $3M private placement