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Salona Global Medical Device Corporation, a US-based medical device technology company, has announced a private placement of up to $10 million in debenture units

Salona Global Medical Device Corporation (TSXV:SGMD), a US-based medical device technology company, has announced a private placement of up to $10 million in debenture units. Net proceeds will be used towards the recently announced definitive asset purchase of the physical medicine assets from Biodex Medical Systems, including Biodex’s brand and all intellectual property for the physical therapy and athletic industries, including inventory.

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