Cardiol Therapeutics completes $15.1 million IPO

1 minute read
20 December 2018

On December 20, 2018, Cardiol Therapeutics Inc. (TSX: CRDL) announced that it had completed its initial public offering on the Toronto Stock Exchange, having issued units and warrants for aggregate gross proceeds of $15,142,327. The IPO was made through a syndicate of underwriters led by AltaCorp Capital Inc. and including Mackie Research Capital Corporation, Raymond James Ltd., Echelon Wealth Partners Inc. and Paradigm Capital Inc.

Cardiol is a leader in the research and commercial development of pharmaceutical cannabidiol products and targeted therapies for heart failure and cancer.

Gowling WLG advised Cardiol with respect to this transaction with a team that included Brett Kagetsu and Tara Amiri.

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