Company name: Spartan Wellness
Description: Provider of medicinal cannabis access points for veterans in Canada. The company is engaged in providing assistance to veterans with documentation and applications, program & benefit entitlement assistance, family assistance through common coverage platforms, transitional family medicine for retiring members of the CAF, in-house and telemedicine services, medical cannabis consultations for mental and physical conditions and special authorization assessments for consideration of coverage beyond 3 grams per day when required. It also provides an online platform for shopping clothes of their own brand.
Industry: Healthcare | Group: Healthcare Services | Code:
Start up capital raised (USD Million):
Business status: Generating Revenue
Ownership: Privately Held (no backing)
Revenue (USD Million):
Gross profit (USD Million):
Net income (USD Million)
Earnings before interest, tax, depreciation and amortization (EBITDA):
Financing Status: The company has reached a definitive agreement to be acquired by MPX Bioceutical Corporation (CNQ: MPX) for $6 million on September 19, 2018. The acquisition exemplifies acquirer’s commitment to fighting opioid addiction amongst veterans and is expected to drive market share expansion in Canada. The consideration will be made in tranches, where up to $4.5 million satisfied through the issuance of 4,687,500 common shares in the capital of MPX, issued at a price of $0.96 per MPX share and up to $1.5 million satisfied through the issuance of 1,304,348 common share purchase warrants each exercisable into one MPX share at an exercise price of $1.15 for a period of three years from the closing date.
Number of active investors:
Profile last updated: 20-Sep-2018
Last known valuation: 6.00
Last known valuation date: 19-Sep-2018