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Spirit Bear Capital Completes Acquisition of Gaia Grow and Listing on TSX Venture Exchange


On July 23, 2019, Spirit Bear Capital Corp. completed its qualifying transaction by way of the reverse-takeover of Gaia Grow Corp., and was listed on the TSX Venture Exchange under the ticker symbol “GAIA”. Gaia Grow is a licensed producer of hemp-based products in Canada, and is in the business of developing facilities and infrastructure for the manufacturing and marketing of hemp. Gaia Grow is also a license applicant for the cultivation of cannabis for medical purposes in Canada. In connection with completion of the transaction, Gaia Grow completed a private placement offering of subscription receipts in which it raised $4.5 million.

Cassels acted for Spirit Bear with a team that included Sam Cole (Securities) and David Hansford (Cannabis).


RELATED EXPERTISE: Cannabis | Securities