Not the time to be selling here :) $$$$$$$$$$$$$$$$$$ MediPharm Labs Announces Increase to Bought Deal Equity Financing to $29 Million
Tuesday, March 2, 2021, 9:13 AM ET
MediPharm Labs Announces Increase to Bought Deal Equity Financing to $29 Million
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TORONTO, March 02, 2021 (GLOBE NEWSWIRE) -- MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE:MLZ) ("MediPharm Labs" or the "Company") a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, is pleased to announce that it has agreed to increase the size of its previously announced "bought deal" offering of units of the Company (the "Units") led by Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 50,000,000 Units of the Company at a price of $0.58 per Unit for gross proceeds of $29,000,000 (the "Offering").