Last Thursday, Tilray Inc (NASDAQ: TLRY) became the first cannabis company to conduct a U.S. IPO, and in the process it raised $153 million. The company priced 9 million IPO shares at $17 each and the company’s price quickly jumped in early trading. TLRY closed its first day of trading at $22.39 (up more that 32% from its IPO price). As
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A recent post in Traders Magazine by Jason Paltrowitz (EVP of OTC Markets Group) discussed “Going Public in a Post-Spotify World.” In April, music streaming giant Spotify directly listed on the NYSE without a traditional IPO. Direct listing (also known as a “Slow-PO”) is a cost effective way for companies to list their shares on a public market because there
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In a recent interview with Cannabis Business Times, Marcum LLP’s David Bukzin discusses IPOs, SPACs, Reg A+s, and how companies in the cannabis industry can use them to secure funding. Marcum recently completed the work on the first special purpose acquisition company (SPAC) in the cannabis space, and is handling an IPO for a cannabis oil extractor in California that intends
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In a recent interview with Cannabis Business Times, Marcum LLP’s David Bukzin discusses IPOs, SPACs, Reg A+s, and how companies in the cannabis industry can use them to secure funding. Marcum recently completed the work on the first special purpose acquisition company (SPAC) in the cannabis space, and is handling an IPO for a cannabis oil extractor in California that intends
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John Lowy of Olympic Capital Group, Inc. often shares featured articles on reverse mergers in the magazine MicroCap Review. In the Spring 2018 Issue of MicroCap Review, Lowy shared an article titled “Reverse Mergers with Crypto Companies–A Craze or Crazy!” Lowy shares some tips for those considering reverse merging with a crypto company – publish continual and—above all—accurate—information about the
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This week, 550 participating companies and over 4,700 attendees (many of whom were smallcap and microcap industry professionals) attended the 30th annual ROTH Conference. For those that couldn’t attend, the expert panels and many of the company presentations are available for viewing online. Panel recording topics include; Artificial Intelligence Applied Blockchain Technology and the World of Cryptocurrency IPO Readiness Shareholder Activism
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Sponsored When it comes to raising capital, Stock Offering Solutions (SOS) does it all. For any investing rule, at any stage, SOS provides everything you need to raise capital. With 450+ clients and over 3 trillion shares transferred, SOS is built on SOS founder Lori Livingston’s 30+ years of experience in the financial services industry. Livingston and her team spent
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A recent post on CFO.com asked “Should You IPO?” The author, Keith Button, concludes that “Unless your company is big, profitable, and a category leader, the wisest choice may be to wait.” Button shares three reasons why most companies should wait to go public: 1. No Need – Two of the primary reasons for going public are to raise capital and
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Yesterday, Bitzumi announced its Regulation A+ offering with the goal of raising $10 million USD. Co-founded by James Altucher and Scot Cohen, Bitzumi is a digital content and asset platform that plans to enable users to transact in the cryptocurrency and blockchain marketplace. Bitzumi is building a next generation decentralized exchange and acquiring a network of crypto and blockchain related digital
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A recent guest post on PubCoCEO.com by Joshua Levine & Robert Ferri looked at “Intelligent IR: Research-Driven Investor Relations for Small and Microcap Companies.” In the post, the authors made the point that publicly traded companies should act like one. Those in the microcap space have probably become accustomed to corporate executives of micro- and small-cap firms complaining about the expense
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