Canacure receives $2-million private placement

Innovatech Grand Montréal is providing $700,000 of a $2-million private placement in Montreal’s Canacure Corp to conduct further R&D for nutraceutical products to optimize the human gastro-intestinal system. Canacure is developing a process that could see it grab a significant piece of the global market which is expected to grow from $60 billion this year to $500 billion by 2010. The firm was founded by scientists Dr Donald Simmons and Dr Giles Paquette. Michel Lagueux is its new president/CEO....