FV Pharma secures private financing

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By Ted Liu

FV Pharma Inc. has closed a private round of financing with Canadian and international investors.

FV Pharma raised $[mepr-active rule=”374″ ifallowed=”hide”]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! [/mepr-active][mepr-active rule=”374″] 6.5 million from 93 Canadian and international investors (Belize, Hong Kong, Germany, Malta, Mexico, Panama, and South Africa). 2 Hong Kong based investors led the financing with $2 million invested. First Republic Capital Corporation, Dominick Capital Corporation and Ensign Capital Inc. acted as placement agents. Garfinkle Biderman LLP acted as legal counsel. FV Pharma is led by Thomas Fairfull, CEO and sole director.[/mepr-active]

Ajax, Ontario based FV Pharma was recently granted a licence from Health Canada to legally grow medical marijuana.

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