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.
Amount offered: $20 million
Amount placed: $20 million
First sale: 09-18-2014
Data as of: 10-03-2014