MagicMed bidder Enveric Biosciences issues letter to shareholders ahead of merger
In late May, MagicMed announced it had entered into a definitive agreement for an all-stock transaction that would see it acquired by Enveric
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CBD and THC Cannabis Dispensary in the US.
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In late May, MagicMed announced it had entered into a definitive agreement for an all-stock transaction that would see it acquired by Enveric
The company, which raised $6.5 million in a recent financing to fund its forward osmosis technology that recycles wastewater into clean water for reuse, will soon go public on the TSX Venture Exchange as Forward Water Technologies Corp
The combined gross proceeds from the financing include around $5.2 million from the first tranche and $1.3 million in the second tranche for an aggregate amount of $6.5 million
The British Columbia-based company’s common shares will trade under the ticker symbol 'LVT'
Levitee Labs was born out of an idea to transform the inefficiencies people suffering from mental health disorders, addiction, and pain management issues, tragically experience every day
The study is designed to investigate the safety and efficacy of synthetic CBD when administered alone or in combination with other drugs
China has ramped up scrutiny of companies looking to float in the United States
MagicMed said that the two companies are "working diligently" to finalize the definitive agreement to close their amalgamation
Over the weekend, the difficulty of mining Bitcoin fell by a record 28% after a crackdown on crypto mining in China caused large portions of computing power to go offline
Gold has been a better store of value over the centuries than almost any other asset class
Copper is often seen as the bellwether of the global economy
The company said trading in its shares on the TSX Venture Exchange is expected to kick off at market open on Thursday, June 17, 2021
There has been a sizable increase in psychedelic companies flocking to stock markets to raise capital in the interest of developing their products and MagicMed was one looking to pursue that path
FWT anticipates completing a second tranche for additional gross proceeds of $1 million within the next two weeks
It is commercializing its proprietary forward osmosis technology that allows manufacturing operations to clean their wastewater and reclaim up to 90% of the waste as clean water
Analysts at digital asset manager CoinShares have said it is "increasingly apparent" that Bitcoin is becoming increasingly financialised, which in turn indicates its "potential utility as a store of value"
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Once closing is complete, Magic Med CEO Dr Joseph Tucker will be appointed chief executive officer of the enlarged company and David Johnson, chairman and CEO of Enveric will be appointed executive chairman
The two major digital currencies suffered sharp falls on Sunday after a meeting of China's Financial Stability and Development Committee said the country's finance sector should “crack down on Bitcoin mining and trading behaviour”
CareRx announced in April its plans to acquire the Long-Term Care Pharmacy Division of Medical Pharmacies Group, which is comprised of 18 fulfillment centres that serve around 36,000 residents of long-term care