Announced financings: March 25, 2024

March 26, 2024 11:09 AM PST

Here's your roundup of yesterday's announced financings, courtesy of, the only platform that posts every Canadian financing, every day.

1. Vitalhub Corp. (TSX: VHI)

  • Gross Proceeds: $35 million (bought deal)
  • Sector: Healthcare software
  • Units issued: 5.83 million
  • Type: Common shares
  • Price: $6.00
  • Warrants: None
  • Agents: Cormark Securities
  • Use of Proceeds: Growth initiatives

Company breakdown:

  • Creates "Software for Health and Human Services providers designed to simplify the user experience and optimize outcomes"
  • Clocked revenue of $13.6 million in Q4
  • Shares have climbed precipitously, roughly around the time Deloitte named it the 421st fastest-growing company in North America

2. Rapid Dose Therapeutics Corp. (CSE: DOSE)

  • Gross Proceeds: $6 million
  • Sector: Drug delivery
  • Units issued: 1.75 million
  • Type: Common shares
  • Price: $0.17
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Debt settlement

Company breakdown:

  • Company developing new drug delivery methods
  • Flagship product is QuickStrip, a thin, orally dissolvable film that can be infused with active ingredients like vaccines or pharmaceuticals
  • Lack of recent news other than private placements

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