Canadian MJ Companies Raise Tens of Millions in Financing

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Within the span of a week and a half, a trio of Canadian medical cannabis producers announced they had all raised seven-figure amounts to expand their businesses.

First it was Aphria, which revealed on July 28 that it had entered into a “bought deal” that would net it CA$25 million, in exchange for 12.5 million common shares of stock at CA$2 per, according to a press release.

The next day it upped the value to CA$30 million ($22.6 million U.S.) “due to strong demand.” Aphria entered into the agreement with Clarus Securities, which made the stock purchase

Canadian MJ Companies Raise Tens of Millions in Financing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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