CB2 Insights lands $5 mln-plus in Merida Capital-led deal
MVC Technologies Inc, operating as CB2 Insights, a Toronto-based medical cannabis data company, has raised $5.74 million in a private placement. Merida Capital Partners, a U.S. cannabis private equity firm, led the deal, investing $3.68 million. Founded in 2014, CB2 uses clinical management and data collection software at the point-of-care to create predictive analytics for the medical cannabis sector. The company, which is undertaking a reverse takeover to gain a public listing in Canada, will use the funds raised for a clinical acquisition strategy in the United States.
26 February 2019•3 mins read
