Thursday, October 9, 2025

Latest

CloudMD Closes First Tranche Of Financing For $2.3 Million

CloudMD Software & Services (CSE: DOC) announced this morning that it will be closing the first tranche of its previously disclosed private placement this Friday for gross proceeds of $2.3 million. The company previously identified that the funds will be used for capital expenditures and general working capital purposes.

The first tranche for the private placement consists of $2.3 million out of the fully committed and subscribed $3.0 million offering. The company previously identified that the placement is currently subscribed for in excess of $3.0 million. While this remains true, the second and final tranche is expected to close shortly, having been impacted by administrative delays associated with the current COVID-19 pandemic.

The Company is thankful and appreciative for the support from the Canadian capital markets in this unprecedented time in wake of the COVID-19 pandemic and remains dedicated and forward-looking in its mission to digitize the delivery of healthcare.

The news of the first tranche of the ongoing brokered private placement closing follows that of CloudMD announcing its enhanced client efforts amid the current novel coronavirus outbreak. Earlier this week, the company announced that it has enabled free telehealth solutions to over 3,000 healthcare professionals across Canada and the US. Prior to this, the firm also increased doctor onboarding for its telehealth service to assist in reducing the spread of the virus while improving continuity of care for patients.

CloudMD Software & Services last traded at $0.48 on the CSE.


FULL DISCLOSURE: CloudMD Software & Services is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover CloudMD Software & Services on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Mark W. Kohler Appointed To CloudMD’s Board of Directors

CloudMD Software & Services (CSE: DOC) announced this morning that it is strengthening its Board...

Thursday, March 19, 2020, 08:47:34 AM

CloudMD Sees Chair Of The Board Resign Effective Immediately, No Replacement Named

Management continues to exit en masse from CloudMD Software and Services (TSXV: DOC) as tailwinds...

Friday, April 22, 2022, 08:38:09 AM

CloudMD’s “Strategic Plan” Starts With $41.4 Million In Revenue, $5.6 Million Net Loss For Q1 2022

In the wake of the consecutive resignations of its CEO and CFO, CloudMD Software &...

Tuesday, May 31, 2022, 11:56:00 AM

Bruce Campbell Proclaims CloudMD One of His Top Picks

Today Bruce Campbell told BNNBloomberg CloudMD (CSE: DOC) is one of his top picks. The...

Monday, April 27, 2020, 02:09:09 PM

CloudMD Hits $39.2 Million In Revenue, $4.3 Million Net Loss In Q3 2021

CloudMD Software & Services Inc. (TSXV: DOC) released on Monday its Q3 2021 financial results...

Tuesday, November 30, 2021, 09:24:00 AM