Appointment of Piper Alderman as Strategic Advisor
The Company has appointed leading national legal firm Piper Alderman as strategic advisor in Australia. Piper Alderman has been engaged to partner with MMJ and advise on the regulatory approvals and licensing process in the domestic Australian market. Piper Alderman is a commercial law firm with over 300 employees throughout Australia. Piper Alderman’s strength within the pharmaceutical and healthcare sector positions them as the ideal partner to guide MMJ through the Australian medical cannabis regulatory and licencing process. Completion of Capital Raise to Fund Entry into Australian Market MMJ has successfully completed a placement of $2 million via the Company’s corporate advisor Merchant Corporate Finance to a leading European based institutional investor with a proven investment track record within the healthcare and resources sectors. Further details are set out in the attached Appendix 3B. The $2 million investment will provide MMJ with capital to fund its entry into the Australian market.
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