MedReleaf Australia

MedReleaf Australia has closed a non-brokered private placement financing of common shares at a price of A$21 per share for gross proceeds of A$3.9 million, an oversubscription of A$900k. The funds will be used to expand sales and marketing, inventory, education, regulatory compliance, and R&D.

MedReleaf said it received global interest in the offering, with participants including a Canadian-based institutional investor, founders of two of Canada’s largest cannabis companies, and current shareholders.

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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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