Creso Pharma: Announces $2.1M share placement
- Pharmaceutical cannabis company Creso Pharma (CPH) has tapped investors for $2.1 million today
- The company will be raising the new funds through a six-cent share placement
- This represents a neat 14.5 per cent discount on Creso’s 10-day volume-weighted average price
- The company also said new funds will used to keep growing its human and animal health cannabidiol products and pay back some debt
- However, retail investor’s are not getting a chance to take part in the placement, with the full $2.1 million secured from professional investors
- Shares in Creso are in a trading halt today, but shares last traded on May 26 for 6.8 cents each
