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Canopy Rivers Completes Investment in Dynaleo Inc.


On May 4, 2020, Canopy Rivers Inc. announced it has completed a $2 million investment in Dynaleo Inc., an Edmonton-based company focused on white-label manufacturing edible cannabis gummies for the Canadian market. The investment is structured as a $2 million convertible debenture with additional warrant coverage. The debenture is convertible at Canopy Rivers’ option into common shares of Dynaleo.

Cassels acted for Canopy Rivers with a deal team that included Jonathan Sherman, Tayyaba Khan and Kelly Lee (Securities and Cannabis) and Chuck Rich and Daniel Cipollone (Banking & Specialty Finance and Cannabis).

RELATED EXPERTISE: Securities | Cannabis | Banking & Specialty Finance