InMed Pharmaceuticals (NASDAQ: INM) (TSX: IN), a clinical-stage pharmaceutical company developing medications targeting diseases with high unmet medical need and leading the clinical development of cannabinol (“CBN”), has closed an underwritten public offering. InMed Pharmaceuticals secured approximately US$8 million in gross proceeds, with an aggregate of 1,780,000 common shares, together with accompanying warrants, sold at a public offering price of US$4.50 per share and accompanying warrant. In addition, the underwriters were granted the option to purchase an additional 267,000 common shares and additional warrants to purchase up to an aggregate of 267,000 common shares for a period of 45 days. Roth Capital Partners (“ROTH”) acted as sole book-running manager for the offering.
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About InMed Pharmaceuticals Inc.
InMed Pharmaceuticals is a clinical-stage pharmaceutical company developing a pipeline of cannabinoid-based medications, initially focused on the therapeutic benefits of cannabinol (“CBN”) in diseases with high unmet medical need. The company is dedicated to delivering new therapeutic alternatives to patients that may benefit from cannabinoid-based medicines. For more information, please visit www.InMedPharma.com.
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