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Golden Leaf Holdings Completes $35 Million Private Placement of Subscription Receipts and $2.5 Million Private Placement of Units

Published: 06/07/2017

Team: John P. Vettese, Eva Bellissimo, Jamie Litchen, Jackson Phillips

On June 2, 2017, Golden Leaf Holdings Ltd. completed a brokered private placement of subscription receipts at a price of $0.28 per subscription receipt for gross proceeds of approximately $35 million. On June 6, 2017, Golden Leaf completed a brokered private placement of units at a price of $0.28 per unit for gross proceeds of approximately $2.5 million.

The net proceeds from the offerings are anticipated to be used to satisfy the cash component of the purchase price for Golden Leaf’s recently announced acquisitions and for existing operations. Canaccord Genuity Corp. acted as lead agent for a syndicate of agents including Echelon Wealth Partners Inc. and Mackie Research Capital Corporation in connection with the offerings.

Cassels Brock acted for Golden Leaf with a team that included John Vettese, Eva Bellissimo, Jamie Litchen and Jackson Phillips (Business).