Medicinal Organic Cannabis Australia (MOCA) is seeking to raise US$3,447,550 or AUS$5,000,000 via 5,000,000 fully paid ordinary shares at an issue price of AUS$ 1 per share.
Application of funds
1. 35% funds for working capital including overhead expenses
2. 36% funds for expanding import/export and cultivation opportunities in New Zealand.
3. 23% funds for importing organic medicinal products under our own brand into Australia.
4. 6% funds for administrative expenses
IPO - MOCA has a well structured and phase wise plan for an IPO in 2021/2022. Details could be shared post signing of an NDA.