PharmaCan Capital closes private placement deal, raises $12.9 mln
PharmaCan Capital, a merchant bank that invests in global medical and legal marijuana markets, has completed a brokered private placement financing of common shares. The qualifying transaction is in connection to a proposed combination with capital pool company Searchtech Ventures Inc (TSXV: MJN) that will provide PharmaCan with a public listing. To date, PharmaCan has raised $12.9 million in proceeds. The Toronto-based merchant bank said it has made investments in several companies that are either licensed to produce medical marijuana or are in the process of seeking a license.
6 August 2014•4 mins read
