Cannatest Photonics completes private placement

Cannatest Photonics Ltd. has completed 3rd and fourth tranche of private placement, raising $Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! .

PI Financial Corp. acted as lead placement agent. Shea Nerland LLP acted as legal counsel.

Calgary based Cannatest has developed a special approach to potency testing and quality control for the rapidly expanding medical and recreational cannabis industry.

On August 30, 2017, Cannatest entered into a going-public transaction with Snow Eagle Resources Ltd. as part of Snow Eagle’s qualifying transaction. The transaction values Cannatest at a deemed valuation of $12.4 million.

photo credit: Cannatest Photonics