trending Market Intelligence /marketintelligence/en/news-insights/trending/bncoifdzp0q3k4paxrsphq2 content esgSubNav
In This List

Nemus Bioscience closes $1.8M private placement

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Global M&A by the Numbers: Q2 2022

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Infographic 2022 Top Tech Trends Shaping Corporations


Nemus Bioscience closes $1.8M private placement

Nemus Bioscience Inc. received about $1.8 million in the final closing of a private placement with Emerald Health Sciences Inc.

Emerald Health bought 15 million ordinary Nemus shares and warrants to buy an additional 20.4 million shares at 10 cents apiece.

On a fully converted basis, Emerald holds a majority of Nemus' outstanding share capital.

Costa Mesa, Calif.-based Nemus intends to use proceeds for working capital and to explore potential strategic opportunities.

Emerald Health and Nemus are focused on cannabinoid-based therapeutics.