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Hydreight Technologies Inc ( (TSE:NURS) ) has shared an announcement.
Hydreight Technologies Inc. has closed an oversubscribed bought-deal private placement, raising approximately $15 million through the issuance of 3,705,000 units at $4.05 each, with Canaccord Genuity Corp. acting as lead underwriter and Beacon Securities as co-underwriter. The company plans to use the proceeds to accelerate sales growth, expand existing pharmacy production lines, bolster technology and platform capabilities, increase production capacity, and support new product rollouts, moves that management says will strengthen infrastructure across its U.S. network and position Hydreight for continued rapid growth and deeper institutional investor support.
The most recent analyst rating on (TSE:NURS) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Hydreight Technologies Inc stock, see the TSE:NURS Stock Forecast page.
More about Hydreight Technologies Inc
Hydreight Technologies Inc. is a Vancouver-based provider of U.S. nationwide digital healthcare solutions, operating a tech-enabled platform that supports pharmacy production lines and multiple verticals within the healthcare delivery ecosystem. The company focuses on scaling its technology and platform offerings to meet growing demand across a nationwide network of customers and partners.
Average Trading Volume: 140,705
Technical Sentiment Signal: Buy
Current Market Cap: C$110.7M
Find detailed analytics on NURS stock on TipRanks’ Stock Analysis page.