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Vibe Growth Corporation closes C$13.8 million bought deal private placement

Fasken
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Overview

Client

Beacon Securities Limited

On March 16, 2021, Vibe Growth Corporation (the "Company"), a vertically integrated cannabis enterprise, closed its previously announced bought deal private placement of 16,830,250 units of the Company at a price of C$0.82 per unit for aggregate gross proceeds of C$13,800,805 (the "Offering"). The Offering was led by Beacon Securities Limited, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters that also included Haywood Securities Inc. (the "Underwriters").

Fasken advised the Underwriters in connection with the Offering with a team comprised of Bradley Freelan, Payton Holliss, Aman Marwaha and Sarah Horsfall.

Jurisdiction

  • Ontario

Team

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