Kush Supply Co. (fka KSHB)

[hobowilly]

today announced it has entered into definitive agreements with investors for the purchase and sale of (i) 6,476,190 shares of common stock, par value $0.001 per share, and (ii) warrants to purchase up to 3,238,095 shares of common stock at an combined offering price of $5.25 per share, pursuant to a registered direct offering. The warrants will have an exercise price of $5.75 per share, will be immediately exercisable and will expire five years from the date of issuance. The gross proceeds of the offering will be approximately $34.0 million before deducting placement agent fees and other estimated offering expenses.

. . . . and didn't an insider just cash out 1 million shares at $6?

Maybe I was dreaming because I can'r find the Form 4.
I sure would have liked to have known that beforehand.

If true, how could that not be illegal unless they opened and closed the deal yesterday.