FV Pharma secures additional funding

FV Pharma Inc. has completed an additional round of subscription receipts and common equity private placement with Canadian and international investors.

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First Republic Capital Corporation and Ensign Capital Inc. acted as placement agents in connection with the new financing. Bennett Jones LLP acted as legal counsel.

Ajax, Ontario based FV Pharma plans to transform Cobourg’s former Kraft plant, now Cobourg Innovation Centre, into a medical marijuana facility. FV Pharma intends to purchase the entire 15-acre property with a closing date set for December, 2017.

photo credit: FV Pharma