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Invictus completes C$23 million bought deal offering

Fasken
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Overview

Client

PI Financial Corp.

On October 19, 2018, Invictus MD Strategies Corp. (Invictus), a global cannabis company, completed its bought deal offering of units pursuant to a short form prospectus through PI Financial Corp. and GMP Securities L.P. as co-lead underwriters, Canaccord Genuity Corp. and Echelon Wealth Partners Inc. Invictus also announced the exercise in full of the over-allotment option granted to the Underwriters to purchase an additional 1,500,000 Units (the "Offering"). In connection with the Offering, Invictus issued an aggregate of 11,500,000 units at a price of C$2.00 per unit for gross proceeds of C$23,000,000.
 
Fasken advised PI Financial Corp. with a team including Blair Horn (M&A/Corporate Finance), Gosia Piasecka (M&A/Corporate Finance), Shanlee Von Vegesack (M&A/Corporate Finance/Technology), Myriam Gonzalez (M&A/Corporate Finance) and Michael Coburn (Tax).

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