Bullboard - Stock Discussion Forum Medipharm Labs Corp T.LABS

Alternate Symbol(s): MEDIF

MediPharm Labs Corp. is a Canada-based full-service pharmaceutical company. The Company specializes in the development and manufacture of purified, pharmaceutical-quality cannabis concentrates, active pharmaceutical ingredients (API) and advanced derivative products. Through its wholesale and white label platforms, the Company formulates, develops (including through sensory testing), processes,... see more

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TSX:LABS - Post Discussion

Medipharm Labs Corp > $33.3 Million raised at $0.58 = Buytime at $0.47 :)

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Post by 1hot-techwoman on Mar 05, 2021 1:38pm

$33.3 Million raised at $0.58 = Buytime at $0.47 :)

MediPharm Labs Closes Previously Announced Bought Deal Equity Financing

Friday, March 5, 2021, 8:56 AM ET

MediPharm Labs Closes Previously Announced Bought Deal Equity Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, March 05, 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 the closing of its previously announced "bought deal" offering of units of the Company (the "Units") for total gross proceeds of $33,350,000. The Company sold 57,500,000 Units at a price of $0.58 per Unit,

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Comment by mdjbrown on Mar 06, 2021 9:04am

Deep pockets had no problem shelling out a premium of .58 cents while the shareprice has been dropping hard this past couple weeks Once the manipulation to hold this train back stops, it will leave the station all cashed up with lots of news pushing it north bound All aboard!

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