TCann Pty Ltd crowdfunding raise on OnMarket (closed)
Closed — raised A$201,744 from 113 investors (4% of maximum)
Leading medicinal cannabis and novel medicine
- Raised on OnMarket
- Australia
Funding history
218 readings
The maximum, A$4,999,997, is above the top of the chart.
About TCann Pty Ltd
Summarised by Raise Sonar from TCann Pty Ltd’s OnMarket pitch
TCann is a licensed Australian pharmaceutical manufacturer operating an 800-square-metre facility in Thornleigh, Sydney. It makes a shelf-stable cannabis-derived CBD tablet with an exact dose and zero THC, aimed at chronic pain, and manufactures for competitors. The tablet went on sale in August under the Special Access Scheme, and the PACT trial results were presented to the TGA for evaluation under the Provisional Registration Pathway. This raise funds commercial-scale manufacturing equipment, the registration process and the next two trials.
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The raise in figures
Raised
A$201,744
of A$4,999,997 maximum
4%
of maximum
- Investors
- 113
- Minimum investment
- A$500
- Pre-money valuation
- A$17M
Last updated
↳ OnMarket · checked 59 min ago
About this raise
TCann Pty Ltd’s equity crowdfunding raise on OnMarket has closed. TCann Pty Ltd is based in Australia. The round is made under Australia’s crowd-sourced funding (CSF) regime.
The round values TCann Pty Ltd at A$17M pre-money. TCann Pty Ltd set a maximum of A$4.99M. It raised A$201,744 from 113 investors, 4% of its maximum. The minimum investment was A$500.
It closed on .
Under the CSF regime, retail investors invest through a licensed CSF intermediary and have a cooling-off period after each investment. These figures are OnMarket’s own, as Raise Sonar last read them on .
Closed
Closed on Thu 29 Oct
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Questions about TCann Pty Ltd’s raise
What was the minimum investment in TCann Pty Ltd?
The minimum investment in TCann Pty Ltd’s raise on OnMarket was A$500.
What regulation was TCann Pty Ltd’s raise under?
TCann Pty Ltd’s raise was under Australia’s crowd-sourced funding (CSF) regime. Crowd-sourced funding lets eligible Australian companies raise from the general public through an intermediary licensed by ASIC.
How much did TCann Pty Ltd raise?
TCann Pty Ltd raised A$201,744 from 113 investors on OnMarket, 4% of its A$4.99M maximum.
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