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, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.