Lake Street is pleased to announce that it served as the sole placement agent for Achieve Life Sciences, Inc. (NasdaqCM:ACHV) in its offering of 3,000,000 shares of common stock at a price of $5.50 per share in a registered direct offering for gross proceeds of $16.5 million. The company intends to use the proceeds from the offering to fund product development and regulatory activities and for working capital and general corporate purposes.