Embark Health Inc. Completes $8.3 Million Private Placement

October 22, 2019

Embark Health Inc., a Canada-based extraction producer seeking to service the Canadian and Global medical and recreational cannabis markets, has completed a private placement offering (the “Offering”) of units (each a, “Unit”)  for aggregate gross proceeds of $8,311,612.80. The Offering consisted of a brokered private placement of 1,273,500 Units at a price of $3.20 per Unit for proceeds of $4,075,200 (the “Brokered Offering”). The Brokered Offering was led by Mackie Research Capital Corp. (the “Agent”). The Offering also consisted of a non-brokered private placement of Units for proceeds of $4,236,412.80.

Wildeboer Dellelce LLP acted for the Agent in connection with the Offering with a team that consisted of Jeff Hergott, Danny Kharazmi, Joel Fraser and Sarim Ali (corporate/securities).