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Medical marijuana firm MedReleaf raises C$100.7M in IPO

Ontario-based medical marijuana producer MedReleaf Corp. raised C$100.7 million in an initial public offering, Bloomberg News reported June 1.

The offer price of C$9.50 per share values the company at around C$859 million.

MedReleaf will list on the Toronto Stock Exchange under the ticker LEAF.

The offering was led by GMP Securities.