Cannatest Photonics closes private placement

Cannatest Photonics Ltd. has closed a 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.

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

Ted Liu
Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal,,, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of sophisticated and advanced CPE Media Private Capital Dealbase. Ted is President of CPE Media Inc., Canada's independent, trusted and unbiased data provider tracking Canadian VC/PE, private capital industry and public market.