InMed Pharmaceuticals Inc. (NASDAQ: INM) Signs Definitive Agreement to Acquire 100% of BayMedica Inc., Positioning it to Stand Distinct in Rare Cannabinoids Manufacturing, Become a Revenue-Generating Company, Expand Drug Development Capabilities
Sep 17, 2021
- InMed Pharmaceuticals recently announced it has entered a definitive agreement to acquire 100% of BayMedica Inc.
- BayMedica is a private company that specializes in the manufacture and commercialization of rare cannabinoids
- Upon closing, the transaction will make InMed a global leader in the manufacturing of rare cannabinoids in addition to transforming it into a revenue-generating company
- Acquisition provides InMed with the complete flexibility across multiple manufacturing approaches
On September 13, InMed Pharmaceuticals (NASDAQ: INM), a company developing cannabinoid-based pharmaceutical drug candidates and manufacturing technologies for pharmaceutical-grade rare cannabinoids, announced it has signed a definitive agreement to acquire 100% of BayMedica Inc., a US-based private company that specializes in the manufacture and commercialization of rare cannabinoids, in a stock-based transaction expected to close in the coming weeks, subject to various customary closing conditions (https://cnw.fm/P71jB).
Upon closing, the transaction will cement a relationship that began in late 2020 when InMed and BayMedica announced they had entered into a…
NOTE TO INVESTORS: The latest news and updates relating to INM are available in the company’s newsroom at https://cnw.fm/INM
About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CannabisNewsWire.com
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
Do you have questions or are you interested in working with CNW? Ask our Editor
CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]
CannabisNewsWire is part of the InvestorBrandNetwork.
More News
Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?
Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.
When Data Centers Cluster Together, How Dirty Are They? One County Wants Answers.
An unusual study aims to estimate the pollution and health costs from a cluster of proposed data centers, instead of considering each one separately.
Help! Air Canada Got Me to Europe, Then Stranded Me There.
The airline helpfully rebooked a delayed traveler from Toronto, but failed to mention it had also canceled her return trip. She spent $800 to get home.
'We're still cold paying £300 a month energy bills'
A pensioner says trying to keep warm this winter will be "horrific" amid rising energy costs.
Energy bills are rising by £60 a year - here's how you can bring that down
Household energy bills have risen again but there are ways to keep a lid on your expenditure.
Employers should teach primary-age children about work, says Milburn
The author of a major report into youth activity in the UK says children as young as four should be learning about careers.
Africa's richest man launches Kenya oil refinery despite land protests
The Kenya refinery is part of Dangote's ambitious bid to expand and help industralise Africa by 2030.
Fuel prices leave people asking 'what can we do?'
Record fuel prices across the country have left people in the South looking for ways to cope.
'We're still cold paying £300 a month energy bills'
Redditch residents say they are worried they will not be able to afford heating.
Trump’s New Tariffs Get a Familiar Day in Court
For the third time in less than two years, the Trump administration returned to court on Wednesday to defend its power to wage a punishing global trade war.
Bessent Settled Tax Issue That Had Put Him at Odds With I.R.S.
The Treasury Secretary had previously taken a position on his taxes that contradicted the views of the tax agency that he now oversees.
The AI telling farmers when to harvest
Will farmers want AI tools to help judge when to pick fruit, or is their own intuition enough?
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.