Emerald Clinics Completes Capital Raising

• Emerald has successfully completed a A$2.5m capital raising
• Emerald treatment clinics opened in Sydney & Perth
• Emerald continues building a network of clinics across Australia staffed and managed by specialists and general practitioners

Monday, 18 February 2019 – Leading independent clinic group, Emerald Clinics (“Emerald” or the “Company”), is pleased to announce that it has successfully completed a A$2.5 million capital raising.

The capital raising was undertaken by means of a redeemable convertible note and follows Emerald’s successful A$3 million seed raising, undertaken in May 2018, which was supported by Australian fund managers and wholesale investors. All funds raised via both the seed raising and convertible note will be used to support the ongoing national roll-out program of Emerald’s clinics.