Thursday, January 21, 2021 8:05:20 PM
((“Taken from a post on Yahoo.
"Is it too far fetched to think these public offerings are related to the upcoming etf!? Mmed, numi, cybin, and now Rvv have gotten millions in $$ in exchange for shares in the past 2ish weeks."”))
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161074260
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I concur with the above post from Yahoo and believe the bought deal offering has more do to with the upcoming ETF than RVVTF simply trying to raise capital at this time. And, I believe RVVTF was probably approached to do the offering.
I looked into the other companies mentioned in the post from Yahoo.
MindMed (MMED) closed on a bought deal offering on January 7, 2021. Canaccord Genuity Corp was the lead Underwriter along with Eight Capital and CIBC Capital Markets.
https://mindmed.co/news/press-release/mindmed-closes-upsized-financing-of-cad-92-1m-usd-72-7m-to-meet-high-investor-demand/
Numinus Wellness Inc (NUMI) closed on a bought deal offering on December 29, 2020. Canaccord Genuity Corp. and Eight Capital were the Underwriters.
https://numinus.ca/investors/news-release/numinus-announces-closing-of-17-million-bought-deal-offering-including-full-exercise-of-over-allotment-option
Cybin Inc (CYBN) announced a bought deal offering on January 18, 2021. Canaccord Genuity Corp is the lead Underwriter.
https://www.newswire.ca/news-releases/cybin-announces-cdn-20-million-bought-deal-offering-872605166.html
Revive Therapeutics - Co-Underwriters for the recent bought deal offering are Canaccord Genuity Corp. and Leede Jones Gable Inc.
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