Proactive Investors - Run By Investors For Investors

Callitas Health successfully closes capital raise

The Cincinnati-based health and wellness company will use the proceeds as general working capital
Dollars
Callitas' strategy focuses on getting quick revenues from mass-appeal over-the-counter products and a more long-term blockbuster pipeline

Callitas Health Inc (CSE:LILY) (OTCQB:MPHMF) announced Thursday that it completed a non-brokered private placement to raise US$289,225.  

The Cincinnati-based health and wellness company’s stock rocketed nearly 35% on the OTC Markets Thursday to $0.093.

The company issued 3,856,333 units at a price of $0.075 per unit. Each unit consists of one share and one two-year warrant to purchase an additional share at $0.10.

The proceeds from the offering will be used for general working capital, the company said in a statement.

Callitas has a nimble strategy focused on getting quick revenues from mass-appeal over-the-counter products and a more long-term blockbuster pipeline.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter@UttaraProactive 

View full LILY profile View Profile

Callitas Health Inc. Timeline

Related Articles

parsortix
February 01 2019
The cancer detection device is on track to finish a key clinical study in the first quarter of 2019, but in the meantime, it has shown promise in detecting abnormalities in unborn children
picture of a knee
May 20 2019
We take a closer look at Collagen Solutions, which received third-party validation of its business model in the form of outside investment from a blue-chip US agriculture company
A woman with severe depression
April 25 2019
The New York clinical-stage biopharmaceutical company has several drugs in the pipeline capable of generating hefty revenue

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use