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Tetra Bio-Pharma Inc. Secures $6,000,000 Financing From Alpha Blue Ocean

PRIVATEAug 12, 2022

Amount Raised

$6 Million

Round Type

Funding Round

OttawaBiotechnologyHealth CareMedicalPharmaceutical

Description

Tetra Bio-Pharma Inc. ("Tetra" or the "Company") (TSX: TBP) (OTCQB: TBPMF) (FRA: JAM1), a leader in cannabinoid-based drug discovery and development, announced today that it has entered into a subscription agreement (the "Subscription Agreement") with Global Corporate Finance Opportunities 16 (the "Investor"), an investment vehicle advised by Alpha Blue Ocean Inc. ("ABO"), whereby Tetra has agreed to issue to the Investor (i) senior unsecured convertible debentures ("Debentures") in the aggregate principal amount of up to $6,000,000, and (ii) warrants ("Warrants") to purchase common shares ("Common Shares") in the capital of the Company (collectively, the "Offering").

Quick answer

Tetra Bio-Pharma Inc. raised $6 Million in a Funding Round round, dated August 12, 2022. Tetra Bio-Pharma Inc. is based in Ottawa, Ontario, Canada.

How much did Tetra Bio-Pharma Inc. raise?
Tetra Bio-Pharma Inc. raised $6 Million in a Funding Round round on August 12, 2022.
What does Tetra Bio-Pharma Inc. do?
Tetra Bio-Pharma (TSX: TBP) (OTCQB: TBPMF) (FRA: JAM1) 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..
Where is Tetra Bio-Pharma Inc. based and how big is it?
Tetra Bio-Pharma Inc. is based in Ottawa, Ontario, Canada.

Source: Fundz verified event record.

Who else raised in Medical and Pharmaceutical around the same time

Companies in the same sectors as Tetra Bio-Pharma Inc. that raised within 45 days of this round, from Fundz verified event records.

  • Abivax raised $49M (Funding Round) on September 2, 2022.
  • Damona Pharmaceuticals raised $5.5M (Seed) on September 26, 2022.
  • Anebulo Pharmaceuticals raised $6.6M (Post-IPO Equity) on September 26, 2022.
  • Leuko raised $5M (Series A) on September 23, 2022.
  • CASI Pharmaceuticals raised an undisclosed amount on September 23, 2022.
  • PATTERN HEALTH TECHNOLOGIES raised $3.3M (Series A) on September 22, 2022.

Who to call at Tetra Bio-Pharma Inc., and when

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Company Information

Company

Tetra Bio-Pharma Inc.

Location

Ottawa, Ontario, Canada

About

Tetra Bio-Pharma (TSX: TBP) (OTCQB: TBPMF) (FRA: JAM1) 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. Tetra's evidence-based scientific approach has enabled them 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 they do, Tetra is focused on providing rigorous scientific validation and safety data required for inclusion into the existing biopharma industry by regulators, physicians, and insurance companies.

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Tetra Bio-Pharma Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.