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InMed Pharmaceuticals raises C$1.5M from private placement

InMed Pharmaceuticals Inc. said it raised C$1.5 million in a nonbrokered placement of 8,333,334 units.

Each unit was priced at 18 Canadian cents apiece, with the offering aimed at raising funds for general working capital purposes.

In separate news, InMed said Craig Schneider resigned from the board.