The Week In Cannabis: PharmaCann Could IPO, Tilray & MedMen, First Black CEO At Major Public Co. And More
Below is a recap of the main news related to the cannabis industry and markets for the week of August 20, 2021.
Contents
Progenity Stock Drops To 52-Week Low On $40M Equity Capital Raise
Progenity Inc (NASDAQ:PROG) has priced its previously announced underwritten public offering of 40 million shares and warrants to purchase up to…
Dwindling COVID-19 Test Demand Forces LumiraDx Cut SPAC Deal Value
Fall in demand for COVID-19 screening has led LumiraDx to slash $2 billion off the value of a planned reverse…
Top Cannabis VC Fund Poseidon Invests In Quality Management Solutions Provider C15 Solutions
C15 Solutions, a global quality management solutions provider for the cannabis sector and a technology partner of Veeva Systems Inc (NYSE: VEEV), has completed a Class A preferred share equity financing with Poseidon Investment Management.
HEXO Stock Plunges On $140M Public Offering Announcement Ahead Of Transfer To NASDAQ
HEXO Corp (TSX: HEXO) (NYSE: HEXO) announced Friday the pricing of a previously announced overnight marketed public offering of its 47.46 million units at a price of $2.95 per unit.
Avicanna Stock Down On Announcing $2.12M Raise Via Secured Term Loan Financing
Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) has raised roughly $2.12 million by closing the previously announced secured term loan financing.
Sonnet BioTherapeutics Stock Slumps After $30M Equity Raise
Sonnet BioTherapeutics Holdings Inc (NASDAQ: SONN) priced the underwritten public offering of 35.3 million shares (including pre-funded warrants) and warrants to purchase up to 35.3 million shares.
Rafael Holdings Reports $104.2M Private Placement
Rafael Holdings, Inc. (NYSE:RFL) today announced that it has entered into definitive agreements to sell securities in a private placement that is expected to result in gross proceeds to the company of $104.2
Marker Therapeutics Secures $13.1M Grant To Support MultiTAA Cell Therapy Trial
Marker Therapeutics Inc (NASDAQ:MRKR) received notice of a Product Development Research award of approximately $13.1 million from Texas’s Cancer Prevention and…
Microsoft Funds Indian Hospitality Unicorn At $9.6B Valuation Despite Pandemic-Induced Downturn
Microsoft Corp (NASDAQ: MSFT) has invested $5 million in SoftBank Group Corp (OTC: SFTBY)-backed Indian hotel aggregator chain Oyo Rooms, TechCrunch