Flexible Electronics News

SmartKem, Inc. Raises $24.6 Million

Also completes reverse acquisition.

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By: Anthony Locicero

Copy editor, New York Post

SmartKem, Inc. announced the closing of a $24.6 million private placement financing.    Before the financing, SmartKem Limited completed a reverse acquisition transaction with Parasol Investments Corporation, a public Delaware corporation, whereby SmartKem became a wholly-owned subsidiary of Parasol.    Following the acquisition, Parasol changed its name to SmartKem, Inc.   The directors of SmartKem, Ian Jenks, Robert Bahns, Dr. Simon King, Klaas de Boer and Barbra Keck, have become ...

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