MediPharm Labs Completes $37.8 Million Private Placement
MediPharm Labs Corp. (“MediPharm Labs” or the “Company”), a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, recently completed a private placement with an institutional investor (the “Investor”) for aggregate gross proceeds of $37,822,500 (the “Offering”).
On June 8, 2020, MediPharm Labs completed the Offering pursuant to which $18,911,250 was related to the placement of a $20.5 million unsecured convertible note and a warrant to purchase up to 3,601,427 common shares of the Company (the “Common Shares”); and $18,911,250 of which is currently being held in escrow and is related to the placement of a subscription receipt entitling the holder to receive, upon satisfaction of certain escrow release conditions, a further $20.5 million unsecured convertible note and a further warrant to purchase up to 3,601,427 Common Shares.
Aird & Berlis LLP represented MediPharm Labs with a team comprised of Melanie Cole, Amy Marcen-Gaudaur and Meredith McCann (capital markets), and Aaron Collins (financial services).
-
BioFull bio
Whether advising her clients on public and private financings, mergers and acquisitions or corporate commercial matters, Melanie takes a client-first ...
-
BioFull bio
Amy is a partner with the firm's Capital Markets, Mergers & Acquisitions and Venture Finance Groups.
-
BioFull bio
When it comes to complex capital markets transactions or navigating regulatory requirements, Meredith’s primary focus is on her clients’ i...
-
BioFull bio
A self-described deal junkie, Aaron thrives on getting deals done, and will make sure your transaction gets across the finish line.
