Nov 22, 2022
InMed Pharmaceuticals (NASDAQ: INM), a leader in the pharmaceutical research, development and manufacturing of rare cannabinoids and cannabinoid analogs, has closed on a private placement with two healthcare-focused institutional investors. The placement included the sale of 1,818,185 INM common shares, which were issued at a purchase price of $3.30 per share (or prefunded warrant in lieu thereof); the shares were priced at-the-market under NASDAQ rules. The announcement also noted that InMed issued unregistered preferred investment options to the investors in the offering to purchase up to 3,272,733 common shares. The offering resulted in approximately $6 million in gross proceeds for the company, which plans to use the funds to continue pipeline development of its pharmaceutical drug candidates as well as advance manufacturing know-how of cannabinoids and cannabinoid analogs; the company may also use portions of the proceeds to support intellectual property development and other commercial activities and for general working capital purposes. According to the announcement, H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
To view the full press release, visit https://cnw.fm/YjKA9
About InMed Pharmaceuticals Inc.
InMed Pharmaceuticals is a global leader in the pharmaceutical research, development and manufacturing of rare cannabinoids and cannabinoid analogs, including clinical and preclinical programs targeting the treatment of diseases with high unmet medical needs. The company also has significant know-how in developing proprietary manufacturing approaches to produce cannabinoids for various market sectors. For more information, please visit www.InMedPharma.com.
NOTE TO INVESTORS: The latest news and updates relating to INM are available in the company’s newsroom at https://cnw.fm/INM
About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)
For more information please visit https://www.CannabisNewsWire.com
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
Do you have questions or are you interested in working with CNW? Ask our Editor
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]
CannabisNewsWire is part of the InvestorBrandNetwork.
New Zealand's white-ball captain Mitchell Santner is optimistic about home conditions helping in the series against India. The series begins with five T20Is on October 22 and will feature various venues. Santner acknowledges India's strong batting lineup and emphasizes the need for strategic bowling plans. Both teams aim to gain momentum ahead of the ODI World Cup next year.
India's wholesale inflation reached 11.4% in September, significantly increasing from 9.9% in August. Rising prices of fuel, food, and manufactured goods contributed to this surge. Food inflation climbed to 8.7%, marking a 23-month high. Retail inflation also saw an increase, rising to 5.54% year-on-year in September. Economists expect inflation to remain elevated in the coming months due to ongoing global commodity pressures.
Netflix and Shondaland have announced a limited series about young Violet. It will follow her romance with her future husband. A familiar face from Queen Charlotte: A Bridgerton Story is also reportedly returning.
DP World is increasing its focus on the Indian port sector to explore new opportunities. The company plans to expand its capacity at Tuna Tekra and aims to renew concessions in Mumbai and Mundra. Significant disruptions in West Asia have heightened global supply chain costs and influenced capacity planning within logistics. As companies shift away from just-in-time supply chains, larger inventories are now prioritized for resilience.
CBDT has launched the SAKSHAM NUDGE campaign aimed at tax professionals to encourage timely filing of tax audit reports. The campaign targets those who filed fewer than 50% of their reports in the previous financial year. Messages were sent via SMS and email, urging quick compliance ahead of the new deadline. The deadline for submitting tax audit reports is extended to October 21, accommodating pending submissions. With over 19.
Abhishek Sharma, a promising talent in Indian cricket, lives in a stunning bungalow situated in Amritsar, Punjab. The property is valued between ₹6 crore and ₹8 crore and boasts a grand entrance. Inside, the warm wooden decor in the spacious living room ensures it is bathed in natural light, while a dedicated puja room highlights his cultural values.
Niti Aayog has released a report urging states to consider data centres as strategic infrastructure. The report suggests a structured approach to developing data centres sustainably. It highlights the need for common standards and guidance from the central government to support growth. Additionally, the report emphasizes the importance of assessing local resources and economic benefits. This framework aims to strengthen India's data-centre sector and its artificial intelligence economy.
Microsoft has launched the Xbox Nano Controller, which aims to enhance accessibility across various gaming devices. The compact controller is designed for younger players and portability, measuring just over five inches. In addition, Microsoft is partnering with television manufacturers to enable cloud gaming on supported devices. This strategic shift focuses on making Xbox games accessible beyond dedicated consoles through various other platforms.
S Jaishankar met with Maka Botchorishvili in Abu Dhabi to bolster bilateral relations. The talks revolved around enhancing business partnerships, improving connectivity, and promoting cultural exchanges, while also addressing current regional challenges.
S Jaishankar met with Maka Botchorishvili in Abu Dhabi to bolster bilateral relations. The talks revolved around enhancing business partnerships, improving connectivity, and promoting cultural exchanges, while also addressing current regional challenges.
Defence Minister Rajnath Singh emphasized the importance of military cooperation with ASEAN partners during a recent forum. He proposed exploring collaboration in various defense sectors such as patrol vessels and drones. Singh highlighted co-development and co-production as methods to enhance local capabilities and industry support.
China's exports have increased significantly, rising by 36.3% in September compared to the previous year. Imports also saw an increase of 31%, resulting in a substantial trade surplus for the month. The overall trade surplus for the first nine months reached $938 billion, with expectations to exceed last year's record. However, China's export growth faces challenges due to pressures from trading partners like the European Union.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.