20 October 2020
Melbourne-based medicinal cannabis company, Montu, has created Australian crowdfunding history by being the fastest stock to reach its minimum target. Montu raised a record $300,000 in 59 minutes and $1 million in 36 hours. The crowdfunding offer remains open until 5 November 2020 and Montu is well on the way to raise a maximum of $2 million via crowdfunding platform, Birchal.
Coghlan Duffy + Co were delighted to act for Montu on this ground-breaking capital raise. The CD + Co team was led by Director, John Coghlan, and Lawyer, Marcus Triado.
Founded in 2019, Montu’s vision is to become a trusted prescription medicine partner to Australian doctors and enable patients to readily access medicinal cannabis treatments. Montu is already making significant strides, by rapidly expanding its network of doctors and growing its revenue at a rate of 40% month on month. The funds raised will be used for accelerating its expansion across Australia and New Zealand.
For more information about this transaction, please refer to Montu’s crowfunding campaign on Birchal, as well as articles on Business Insider and Stockhead.
For further information, contact:
John Coghlan | Director
T: +61 3 9614 2444
E: jcoghlan@cdandco.com.au
Coghlan Duffy + Co is a boutique corporate and commercial law firm based in Melbourne, serving clients from ‘idea to IPO’.
The firm is proud to provide legal strategies and solutions to an enviable list of clients, including prominent Australian start-ups and ASX-listed companies.
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T: +61 3 9614 2444
W: cdandco.com.au