New York, NY -- (SBWIRE) -- 02/07/2013 -- Cannabis Science, Inc. (OTCQB: CBIS) has been heavily investing in the research and development of cannabis, otherwise known as marijuana. With focus on utilizing the medicinal use of marijuana, Cannabis Science is looking to bring medical treatments to areas such as cancer, PTSD and HIV. If CBIS achieves its goals, detractors may soon become supporters.
Debates on the use of marijuana have been growing despite its legalization in 18 states for medicinal purposes and 2 states for recreational use. Further driving the point home, Colorado recently granted recreational use of marijuana to its residents, a perfect fit for Cannabis Science's current base of operations.
Cannabis Science, Inc., a development stage company, engages in the development, production, and commercialization of phytocannabinoid-based pharmaceutical products.
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Organovo Holdings, Inc. (OTCQX :ONVO) announced its intention to redeem two classes of outstanding warrants initially issued to investors participating in private placement financings in 2011 and 2012.
The warrant redemption will raise non-dilutive capital, enable Organovo to significantly improve its balance sheet, help position the Company to qualify to list its common stock on the NYSE MKT or NASDAQ exchange, and decrease a significant portion of the derivative liability from its balance sheet.
Previously, on December 21, 2012, the Company completed a tender offer including the same warrants. At that time, approximately two-thirds of warrant holders elected to participate in the tender offer and exercised their warrants at $0.80 per share.
Organovo designs and creates functional, three-dimensional human tissues for medical research and therapeutic applications.
Find out more on ONVO here:
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