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WeedMD Inc. closes previously announced bought-deal offering for aggregate gross proceeds of $17,250,000, including full exercise of over-allotment option


WeedMD closes previously announced bought-deal offering for aggregate gross proceeds of $17,250,000, including full exercise of over-allotment option
The company said it intends to use the net proceeds of the offering to accelerate its growth plans through the use of sales and marketing initiatives, increasing operational capacity and additional product development initiatives
The offering comprised 35,937,500 units at a price of $0.48 each
WeedMD Inc. (CVE:WMD) (OTCQX:WDDMF) (FRA:4WE), a federally-licensed producer and distributor of medical-grade cannabis, said it has closed its previously announced, upsized bought-deal offering of 35,937,500 units at a price of $0.48 each for aggregate gross proceeds of $17,250,000, including full exercise of the over-allotment option. ....

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