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WeedMD (WDDMF) has closed a previously announced bought deal offering of 35,937,500 units for gross proceeds of $17.25M.Eight Capital and Canaccord Genuity were co-lead underwriters.WeedMD plans to use the proceeds for sales and marketing, to increase operational capacity, and support product development initiatives.WeedMD shares are down 3% to $0.32 in morning trading.