On September 18, 2023, Canopy Growth Corporation (the “Company”), closed an approximately US$25 million private placement offering (the “Offering”) of units of the Company (the “Units”). A total of 22,929,468 Units were sold at a price of US$1.09 per Unit. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant of the Company.
The investors in the Offering also hold an over-allotment option to acquire up to an additional 22,929,468 Units at a price per Unit of US$1.09 for aggregate gross proceeds of US$25 million at the discretion of the investors at any time on or before November 2, 2023.
A.G.P./Alliance Global Partners and ATB Capital Markets Inc. acted as co-lead placement agents (the “Placement Agents”) in connection with the Offering.
Fasken advised the Placement Agents with a team led by Alex Nikolic and that included Allison Marks, Chelsea Young, George Soules and Arjun Sodhi (Capital Markets and M&A); and Luigi Pasqualitto and Kathryn McCoy (Articling Students).
Jurisdiction
- Ontario
