Failed $ 1.4 million PP in Sept 2021 = FINANCIAL DIFFICULTYMEDV failed to close a $ 1.4 million private placement at 7 cents in September 2021. This FAILURE speaks volumes of the pending financial results which should confirm FINANCIAL DIFFICULTY and losses. An investor would not walk away from a 7 cent PP if the pending results were great. They would have loaded up but instead they walked away.
Plus results are hampered further because Hampton East closed down, 2 cubes under investigation in California and, Pandemic ending January 4th, 2022 per Pfizer.
There is a reason why MEDV is in panic mode and wants to do a 1 for 15 reverse stock split as they can see the writing on the wall. Without more funds, it is belly up.
From the REALIST FROSTY RELIGION
Here is the failed PP
CAN $1.4 Million Equity Private Placement
This investment will be in the form of a non-brokered private placement offering of units (the "Equity Units") at a price of $0.07 per Equity Unit for aggregate gross proceeds of up to $1.4 million (the "Offering"). Each Equity Unit will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.08 for a period of five years following the closing date of the Offering. The Offering is expected to close on or about September 9, 2021 and may close in tranches.