logo-loader

Callitas Health successfully closes capital raise

Published: 14:59 24 May 2019 EDT

Dollars
Callitas' strategy focuses on getting quick revenues from mass-appeal over-the-counter products and a more long-term blockbuster pipeline

Callitas Health Inc (CSE:LILY) (OTCQB:MPHMF) announced Thursday that it completed a non-brokered private placement to raise US$289,225.  

The Cincinnati-based health and wellness company’s stock rocketed nearly 35% on the OTC Markets Thursday to $0.093.

The company issued 3,856,333 units at a price of $0.075 per unit. Each unit consists of one share and one two-year warrant to purchase an additional share at $0.10.

The proceeds from the offering will be used for general working capital, the company said in a statement.

Callitas has a nimble strategy focused on getting quick revenues from mass-appeal over-the-counter products and a more long-term blockbuster pipeline.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter@UttaraProactive 

Xeris Biopharma Surpasses 2023 Expectations with Strategic Moves Poised for...

Xeris Biopharma CEO Paul Edick joined Steve Darling from Proactive to share news the company had a successful 2023, with a final tally of 164 million USD, which is at the upper end of their forecast. The company concluded the year with 72 million USD in cash, surpassing their initial projections...

15 hours, 1 minute ago