DionyMed Brands Inc. Completes $10.5 Million Private Placement

May 07, 2019

DionyMed Brands Inc. (CSE: DYME; OTCQB: DYMEF) completed a “bought deal” private placement offering of 3,822,055 units for aggregate gross proceeds of approximately $10.5 million. The offering was conducted by a syndicate of underwriters co-led by Canaccord Genuity Corp. and Cormark Securities Inc. and including Beacon Securities Limited (collectively, the “Underwriters”).

DionyMed is a multi-state cannabis brands platform, supporting cultivators, manufacturers and brands in the medical and adult-use cannabis markets and sells branded products in every category from flower to vape cartridges, concentrates and edibles.

Wildeboer Dellelce LLP acted for the Underwriters in connection with the offering with a team comprised of Perry Dellelce, Sanjeev Patel, Patricia Good and Niall Sweeney (corporate/securities).