STWC Holdings, Inc. announced that it expects to receive $0.225 million in funding from Richland Fund LLC
August 28, 2018
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STWC Holdings, Inc. (OTCPK:STWC) announced that it has entered into a note purchase and security agreement for a private placement of senior secured convertible promissory notes for gross proceeds of $225,000 with Richland Fund LLC on August 29, 2018. The company will receive the funding in three tranches. The company will receive $100,000 in the first tranche, $67,000 in the second tranche, and $58,000.00 in the third tranche on or about October 1, 2018. The notes carry a fixed coupon of 12% per annum and would mature on January 15, 2020. The interest payments shall pay to the investor of $50,000 on each of January 15, 2019, April 15, 2019, July 15, 2019, October 15, 2019, and a payment of $25,000 on January 15, 2020. The notes are convertible into common shares of the company at a conversion price of $0.15 per share. The notes may be prepaid without penalty with 30 days advance notice to Richland Fund LLC. The company will also issue warrants to purchase 100,000 shares. The company will issue the securities pursuant to exemption provided under 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. 
