representative work

Cassels Represents Eight Capital in Namaste’s $51.75 Million Financing


On October 25, 2018, Namaste Technologies Inc. completed a bought deal short form prospectus offering of units, including the exercise in full of the over-allotment option. A total of 17,250,000 units were sold at a price of $3.00 per unit for aggregate gross proceeds of approximately $51.75 million.

The offering was completed by a syndicate of underwriters led by Eight Capital and Canaccord Genuity Corp. as co-lead underwriters and joint bookrunners, and including Laurentian Bank Securities Inc.

Cassels acted for Eight Capital with a deal team that included Nancy Choi and Stefan Politano (Securities and Cannabis), Marco Ciarlariello (Business and Intellectual Property) and Chris Norton (Tax).

RELATED EXPERTISE: Business | Cannabis | Intellectual Property | Securities | Taxation