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CanniMed Completes Initial Public Offering
SASKATOON, Saskatchewan–(BUSINESS WIRE)–CanniMed Therapeutics Inc. (“CMED” or the “Company”), a leading plant biopharmaceutical company specializing in the production of pharmaceutical-grade cannabis, announced today that it has successfully completed an initial public offering of its common shares (the “Offering”).
In connection with the Offering, CMED issued 5,000,000 common shares at a price of $12.00 per common share, resulting in aggregate gross proceeds to CMED of $60,000,000.
“CanniMed’s IPO represents a major milestone for the company and provides us with additional capital to support our continued growth, both in Canada and internationally,” said Brent Zettl, co-founder and Chief Executive Officer of CMED.
“We believe we are at the early stages of a tremendous growth opportunity for medical cannabis, and CanniMed is focused on becoming the supplier of choice in the medical community and with patients who are looking for consistent, high-quality treatment alternatives in delivery forms that align to traditional methods.” The Offering was made through a syndicate of underwriters led by AltaCorp Capital Inc. and including Canaccord Genuity Corp., Clarus Securities Inc., Mackie Research Capital Corporation and Haywood Securities Inc. CMED has granted the underwriters an over-allotment option, exercisable in whole or in part, for a period of 30 days following the closing of the Offering, to purchase up to an additional 750,000 common shares at $12.00 per common share.
Borden Ladner Gervais LLP acted as counsel to CMED and Stikeman Elliott LLP acted as counsel to the underwriters.
No securities regulatory authority has either approved or disapproved of the contents of this news release.
The common shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States, absent registration or an applicable exemption from the registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any common shares in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
CanniMed Ltd., a wholly-owned subsidiary of the Company, was the first producer to be licensed under the Marihuana for Medical Purposes Regulations, the predecessor to the current Access to Cannabis for Medical Purposes Regulations.
Prairie Plant Systems Inc., a wholly-owned subsidiary of the Company, was the sole supplier to Health Canada under the former medical marijuana system for 13 years, and has been producing safe and consistent medical marijuana for thousands of Canadian patients, with no incident of diversion.
The Four A’s of Expressing Gratitude
The Four A’s of Expressing Gratitude.
An “attitude of gratitude” is the highest way of thinking, says Entrepreneur Network partner Brian Tracy.
In this video, Tracy explains why you should be grateful every day and spells out four ways in which you can express your gratitude.
Instead of complaining, contemplate the things you are grateful for.
You might even make a list.
By incorporating these four elements into your life, you’ll boost your own self-esteem — and that of others.
To learn more about expressing gratitude, click play.
Watch more YouTube videos from Brian Tracy on his channel.
We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.
Click here to become a part of this growing video network.
PSP Projects plans IPO, files papers with SEBI
When to Hire Virtual Assistants and Outsource Help
When to Hire Virtual Assistants and Outsource Help.
Today, nearly every role can be outsourced and performed remotely.
In this video, Entrepreneur Network partners Jason Balin and Chris Haddon discuss hiring virtual assistants and outsourcing help.
The easiest way to find qualified candidates is to post on websites such as Upwork and Freelancer.com.
Make sure your ads are descriptive and catchy — that way you’ll have more applicants to choose from.
Typically, areas such as website design, coding and graphic design are suitable for outsourcing.
Outsourcing has its pros and cons, so evaluate your management style to figure out which positions to fill outside your company.
There are many tools available today that make communication easier, too.
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Click here to become a part of this growing video network.
These Leaders Take Employee Appreciation to the Next Level
Forget about office perks — today, many bosses motivate their employees with vacations and holidays gifts.
From the small-town boss who is taking his 800 employees on a caribbean cruise to the CEO who pays for his employees’ weddings and children’s college tuitions, check out these three bosses who take employee appreciation to the next level.
Iowa boss takes 800 employees on a cruise.
With freezing temperatures approaching, employees at Waterloo, Iowa-based Bertch Cabinet won’t have to worry — they’re headed to the Caribbean.
After meeting their sales goal this year, the company’s president Gary Bertch promised to take his 800 employees on a week-long cruise down south.
CEO promises to pay for employee weddings.
Major life events don’t cheap.
Last year, Huang announced that he will pay for his employees’ children’s college tuitions too.
Founder gifts employees apartments, cars and jewelry.
“Our aim is that each employee must have his own home and car in the next five years,” he said.
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8 Ways to Avoid Common Video Marketing Mistakes
8 Ways to Avoid Common Video Marketing Mistakes.
Video marketing used to be an expensive and lengthy business, but with the advances in professional video production equipment, smartphone technology and the ease of use of platforms such YouTube, almost anyone can become a video marketer.
Faster, easier and cheaper does not always mean superior, but there are a few simple steps that you can take to ensure you create quality videos.According to Juan Rutz and Martin Borer of RutzRoberts Productions, the following represent eight common mistakes aspiring video marketers make and how to avoid them: 1.
Juan and Martin say that campaigns are the way to go every single time.
More than ever the attention span of viewers have been condensed, hence the need to be short, informative, entertaining and to the point.
Make an emotional connection, inspire and leave them wanting for more.
Interesting titles and effective tagging are essential in maximizing your SEO and harnessing your views.
Disharmonized content Video marketing is not just about visual images.
Effective videos all harmonize the images with the best use of voice and text.
When you load your video into platforms natively, such as Facebook, you get twice as many views as you would if you had just put a link to the YouTube video.
How to Turn Your Hobby into a Profitable Business Venture
Hard Truths and Tips About Borrowing From Friends and Family
Many new entrepreneurs receive the initial funding for their businesses from people close to them, causing these relationships to start sliding toward disaster.
Money changes people in business relationships as well.
I gave this guy a loan, and he’s spending money on this instead of paying me back?” Your business may fail Most small businesses do.
Will you feel OK telling investors you’re sorry you lost their money or will you feel obligated to turn investments into loans and pay them back?
This is for the borrower’s sake, not the lender’s because the lesson learned otherwise is that it’s OK to borrow money from people and not pay it back.
If the new business isn’t generating enough income to repay the loan, the borrower should earn the money some other way and send the payment every month, no matter what.
If the borrower wants to pay less interest, repayment should take place faster.
Borrowing from family and friends risks incurring personal fallout.
The right way to ask your parents to finance your business Alex Genadinik borrowed $20,000 from his mom to launch Problemio, a startup that makes mobile apps for small businesses.
Invest your own money first.
San Francisco Software Startup AppDynamics Files for U.S. IPO
San Francisco Software Startup AppDynamics Files for U.S. IPO.
AppDynamics Inc., which develops software for businesses to monitor applications, filed for an initial public offering.
The San Francisco-based company filed with an initial offering amount of $100 million, a placeholder used to calculate fees that will probably change.
Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. are leading the deal, according to a filing Wednesday.
Founded in 2008, AppDynamics helps businesses track how well their applications and websites are running so they can respond to connection slowdowns or crashes.
The company was valued at $1.9 billion in a private funding round that closed in November 2015, a person familiar with the matter said at the time.
Chief Executive Officer David Wadhwani, who joined in 2015 from Adobe Systems Inc., has said, “I was brought into this company to take it public, and that’s what I’m going to do.” AppDynamics had $158.4 million in revenue in the nine months ended Oct. 31.
It will use proceeds from the IPO to repay debt and satisfy its tax-withholding obligations, according to the filing.
AppDynamics files for an initial public offering
AppDynamics files for an initial public offering.
Software company AppDynamics filed for an initial public offering Wednesday, after delaying it earlier this year.
The company had previously said it was delaying its offering until 2017 due to uncertainty after the U.S. presidential election, according to the Wall Street Journal.
The company filed for an offering of up to $100 million.
The company is valued by private investors at $1.9 billion.
AppDynamics applied to list on the Nasdaq Global Select under the symbol “AAPD.”
The lead underwriters on the offering are Morgan Stanley, Goldman, Sachs & Co. and J.P. Morgan.
AppDynamics Files Registration Statement for Proposed Initial Public Offering
SAN FRANCISCO–(BUSINESS WIRE)–AppDynamics, Inc., a leading application intelligence company, announced today that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock.
The number of shares to be offered and the price range for the offering have not yet been determined.
Barclays, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers.
William Blair and JMP Securities are acting as co-managers.
This offering will be made only by means of a prospectus.
A copy of the preliminary prospectus, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282 (telephone: (866) 471-2526 or email: prospectus-ny@ny.email.gs.com); or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: (866) 803-9204).
These securities may not be sold nor may offers to buy these securities be accepted prior to the time that the registration statement becomes effective.
About AppDynamics AppDynamics is the Application Intelligence company.
With AppDynamics, enterprises have real-time insights into application performance, user performance and business performance so they can move faster in an increasingly sophisticated, software-driven world.
AppDynamics’ integrated suite of applications is built on its innovative, enterprise-grade App iQ Platform that enables its customers to make faster decisions that enhance customer engagement and improve operational and business performance.
These three hot e-commerce startups could have surprise IPOs in 2017
But with the new year, there are some new possibilities — even in an industry dominated by Amazon.
Here are three young e-commerce companies that could surprise the startup world with IPOs in 2017.
Maybe it’s that Chewy is headquartered in Fort Lauderdale, Fla. and not New York, San Francisco, Los Angeles or Seattle.
Or maybe it’s that the startup has been more focused on its business than courting the business press.
A 2017 public offering may well depend on whether Chewy can achieve profitability — something it hasn’t done yet — or at least prove there is a reasonable path to get there.
Stitch Fix Right now, an IPO appears to be a “when,” not “if,” for Stitch Fix, the online retailer and personal styling service.
The startup appears to have not raised any new investments since a funding round of between $25 million and $30 million in 2014, pointing toward a healthy cash-generating business.
Insiders talk about a public offering as a foregone conclusion, with only a multi-billion-dollar acquisition offer as a potential alternative.
The company said it took in $100 million in sales in 2015 and was on track earlier this year for $200 million over the following 12 months.
Of the three companies on this list, Casper is probably the longest-shot to go public next year.
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Cinnabon Gets Overzealous in Its Twitter Grief for Carrie Fisher
Cinnabon Gets Overzealous in Its Twitter Grief for Carrie Fisher.
It’s a cycle that has unfortunately become quite familiar over the last year with the loss of so many pop culture icons.
A beloved, iconoclastic celebrity dies and we proceed to express our sadness and disbelief, particularly on social media.
And in a rush to get in on the conversation, brands forget the most important rule of grieving in public: it’s not about you.
Carrie Fisher’s death this week spurred remembrances of her prodigious writing talent, mental health advocacy and lacerating perspective about women in Hollywood.
So Cinnabon decided to post a swiftly deleted tweet about how she had “the best buns in the galaxy.” And the award for “Most Tasteless Brand Reaction To A Celebrity Death” goes to @Cinnabon.
#fox5dc pic.twitter.com/XCraFJTZX2 — Jim Lokay #fox5dc (@LokayFOX5) December 27, 2016 You’re better than that, Cinnabon.
The company did apologize, and Fisher probably would have thought it was hilarious.
But Cinnabon isn’t the only one that fell into that trap.
Here’s that insanely stupid and now-deleted @cheerios tweet about #prince.