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Cannabis company GW Pharmaceuticals raises $34.5mm in IPO

Executive Summary

British biotechnology company GW Pharmaceuticals, which is developing prescription drugs derived from cannabis, raised gross proceeds of $34.5mm (UK25mm) in an oversubscribed initial public offering of almost 13.7mm ordinary shares on the Alternative Investment Market. It had originally expected to raise UK16mm.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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