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WELL Health Subsidiary Closes C$50 Million Financing Ahead of Planned TSXV Listing

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WELL Health Technologies (WELL.TO) subsidiary WELLSTAR Technologies raised C$50 million after closing a financing transaction ahead of its planned listing on the TSX Venture Exchange in September.

WELLSTAR plans to use the proceeds for potential future acquisitions, AI-related innovation, organic growth initiatives and general corporate purposes, WELL Health said Friday.

The funds will be released to WELLSTAR following the satisfaction of the escrow release conditions of the subscription receipts, according to WELL Health.

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