On June 16, 2017, Canopy Rivers Corporation closed a private placement offering to raise aggregate gross proceeds of $36,230,485.00. The syndicate was led by GMP Securities L.P. and included Cormark Securities Inc., INFOR Financial Inc. and PI Financial Corp. This offering increased the cash resources available for Canopy Rivers to provide growth capital and strategic support within the regulated cannabis industry to approximately $56 million.
Canopy Rivers is a newly formed cannabis industry strategic support platform that was established by Canopy Growth Corporation.
Cassels represented Canopy Rivers with a team that included John Vettese, Sean Maniaci and Jonathan Sherman (Business, Securities and Cannabis).