$20 million equity placement completed by PharmaCann

XDATA – October 3rd 2014

PharmaCann disclosed raising $20 million as part of a non-brokered equity private placement. One investor acquired the securities on September 18th. No offering was previously initiated by the company under a registration exemption with the SEC.

The company is a developer of medical marijuana cultivation centers and dispensaries. The company holds a license to operate in Illinois under the State’s Compassionate Care Act and has been applying for multiple licenses in Ottawa Canada.

PharmaCann, registered in 2014, is headquartered in Oak Park IL. It is led by Teddy C Scott (CEO). The company reported having no revenues.
The executive team includes Christina D Leja, John A Leja and Norah Scott.
The board of directors includes Stephen G Schuler.

Offering recap
Status: Completed
Company: PharmaCann
Industry: Pharmaceuticals
Amount offered: $20 million
Amount placed: $20 million
First sale: 09-18-2014
Data as of: 10-03-2014

For more information visit www.XDATA.co


One comment

  1. Pingback: Week in Review: Illinois a Launchpad for MJ Companies With Eye on National Expansion : Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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