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Canopy Rivers Completes Go-Public Transaction

Published: 09/20/2018

Team: Jamie Litchen, Jonathan Sherman, Miriam El Ofir

On September 17, 2018, Canopy Rivers Inc. (formerly AIM2 Ventures Inc.) announced the completion of its business combination with Canopy Rivers Corporation as well as the exchange of the subscription receipts issued in connection with the previously announced $104 million private placement offering co-led by CIBC Capital Markets and GMP Securities L.P., as joint book-runners, and together with Eight Capital as co-lead agents.

The new subordinated voting shares of Canopy Rivers commenced trading on the TSX Venture Exchange under the ticker symbol “RIV” on Thursday, September 20, 2018. Canopy Growth Corporation is the sole holder of the new multiple voting shares of Canopy Rivers.

Cassels Brock acted for Canopy Rivers with a deal team that included Jamie Litchen, Jonathan Sherman and Miriam El Ofir (Securities and Cannabis).