Raymond Chabot Grant Thornton advises Cannamedical Pharma GmbH on an equity raise to provide growth capital.
Founded in 2016, Cannamedical Pharma GmbH (‘’Cannamedical’’ or ‘’the Company’’) began operations following the legalization of medical cannabis in Germany in March 2017. As a leading independent European Union (“EU”) GMP licensed medical cannabis wholesaler, the Company is licensed to import narcotic medicines into Germany and export across the entire EU territory.
Over years, the Company has built an extensive distribution network across Germany, and employs close to 40 employees in Cologne, Germany and has subsidiaries in Canada, the United Kingdom and Greece.
Cannamedical’s commitment is aimed at safety, reliability and a quality management system that guarantees the highest possible product standards. All production partners must also meet the highest pharmaceutical quality standards worldwide – the so-called GMP guidelines (Good Manufacturing Practice).
Cannamedical called on Raymond Chabot Grant Thornton’s Corporate Finance team to support them with reviewing and optimizing their financial structure in order to access additional liquidity by way of an equity raise.
Cannamedical concludes an equity raise for growth capital
“I would like to thank everyone at Raymond Chabot Grant Thornton who took part in our project for your professionalism in helping us with our financing’’ states Gianfranco Salerno, Managing Director Cannamedical Pharma Canada Inc. ‘’ Your implication, expertise and know-how, without a doubt, added significant value to our process.”
Raymond Chabot Grant Thornton acted as exclusive financial advisor to Cannamedical.
The proceeds from an equity investment by a US and German-based growth equity investment firm will be used to accelerate Cannamedical’s expansion plan across Europe and capitalize on new markets, further consolidating its leading position.
To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our Corporate Finance team.
About Raymond Chabot Grant Thornton
Raymond Chabot Grant Thornton is a Canadian leader in the areas of assurance, tax, financial advisory and business recovery and reorganization. Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures; debt and equity capital markets.
We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. A member company of Grant Thornton International and the Canadian counterpart of Grant Thornton LLP, Raymond Chabot Grant Thornton has more than 2,500 employees and is one of the world’s largest professional services network made up of 50,000 people in over 135 countries.
10 Apr 2019 | Written by :