Tetra Bio-Pharma Inc., a leader in cannabinoid-derived drug discovery and development, announced today the termination of its previously announced “at-the-market” equity offering program (the “ATM Program“) with Canaccord Genuity Corp. as sole agent.
The termination of the ATM Program is effective as of November 11, 2021. Tetra will not be using the ATM Program. The ATM Program was established on May 28, 2021, allowing the Company to issue and sell up to $10 million aggregate amount of common shares of the Company to the public from time to time, at the Company’s discretion. As of the date of this announcement, Tetra had not sold any of its common shares under the ATM Program.
About Tetra Bio-Pharma
Tetra Bio-Pharma is a leader in cannabinoid-derived drug discovery and development with a FDA and a Health Canada cleared clinical program aimed at bringing novel prescription drugs and treatments to patients and their healthcare providers. Our evidence-based scientific approach has enabled us to develop a pipeline of cannabinoid-based drug products for a range of medical conditions, including pain, inflammation, and oncology. With patients at the core of what we do, Tetra Bio-Pharma is focused on providing rigorous scientific validation and safety data required for inclusion into the existing biopharma industry by regulators, physicians and insurance companies.
For more information visit: www.tetrabiopharma.com