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Canopy Rivers Completes Investment in Greenhouse Juice Company

Published: 01/14/2019

Team: Jonathan Sherman, Alykhan Somani, Michael Britton, Carla Potter, Winda Fung

On January 14, 2019, Canopy Rivers Inc. completed an investment in Greenhouse Juice Company, a dynamic plant-based food and beverage company.  Canopy Rivers committed $9 million in a convertible debt financing package that includes a $6 million senior secured convertible debenture with a 12% yield and three-year term, a $3 million unsecured convertible debenture with an automatic conversion mechanism based upon certain sales performance milestones at Greenhouse, and full warrant coverage on certain sales performance milestones. 

Cassels Brock acted for Canopy Rivers with a deal team that included Jonathan Sherman, Aly Somani and Michael Britton (Business and Cannabis) and Carla Potter and Winda Fung (Financial Services and Cannabis).