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Cassels Brock Represents the Underwriters in Cronos Group Inc.'s $17.3 Million Bought Deal Financing

Published: 03/09/2017

Team: Nancy Choi, Stefanie Sebanc

On March 9, 2017, Cronos Group Inc. completed its bought deal public offering, including the full exercise of the over-allotment option. A total of 7,705,000 common shares were sold at a price of $2.25 per share for aggregate gross proceeds of approximately $17.3 million.

The offering was completed by a syndicate of underwritters led by Eight Capital and which included PI Financial Corp., Beacon Securities Limited, GMP Securities L.P., Cormark Securities Inc. and Mackie Research Capital Corp. 

Cassels Brock acted for the underwriters with a deal team composed of Nancy Choi and Stefanie Sebanc (Securities).