representative work

Canopy Rivers Completes Investment in Greenhouse Juice Company


On January 14, 2019, Canopy Rivers Inc. completed an investment in Greenhouse Juice Company, a dynamic plant-based food and beverage company.  Canopy Rivers committed $9 million in a convertible debt financing package that includes a $6 million senior secured convertible debenture with a 12% yield and three-year term, a $3 million unsecured convertible debenture with an automatic conversion mechanism based upon certain sales performance milestones at Greenhouse, and full warrant coverage on certain sales performance milestones.

Cassels acted for Canopy Rivers with a deal team that included Jonathan Sherman, Aly Somani and Michael Britton (Business and Cannabis) and Carla Potter and Winda Fung (Financial Services and Cannabis).