On September 21, 2023, The Cannabist Company Holdings Inc., formerly known as Columbia Care (the “Company”), closed an approximately US$25 million private placement offering (the “Offering”) of units of the Company (the “Units”). A total of 22,244,210 Units were sold at a price of US$1.12 per Unit. Each Unit consists of one common share in the capital of the Company (or common share equivalent) and one half of 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 22,244,210 Units at a price per Unit of US$1.12 for aggregate gross proceeds of US$25 million at the discretion of the investors at any time within 45 days of the original closing.
ATB Capital Markets Inc. acted as sole placement agent (the “Placement Agent”) in connection with the Offering.
Fasken advised the Placement Agent with a team led by Alex Nikolic and that included Allison Marks, George Soules and David Pivrnec (Capital Markets and M&A); and Luigi Pasqualitto and Shazad Omarali (Articling Students).
Jurisdiction
- Ontario
