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ARTL - Artelo Biosciences receives $3M in warrants exercise proceeds
Artelo Biosciences Inc.
Artelo Biosciences (ARTL) traded 3.4% higher premarket after exercising a portion of its warrants from its October 2020 financing.Existing investors agreed to exercise warrants for net proceeds of ~$3M."The proceeds from the exercise of these warrants strengthen our balance sheet and based on our most recently reported financial results as of November 30, 2020 bring our pro-forma cash balance to ~$10.4M," president & CEO Gregory Gorgas commented.