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Cassels Brock Represents Eight Capital in Namaste's $51.75 Million Financing

Published: 10/25/2018

Team: Nancy Choi, Stefan Politano, Marco Ciarlariello, Christopher B. Norton

On October 25, 2018, Namaste Technologies Inc. completed a bought deal short form prospectus offering of units, including the exercise in full of the over-allotment option. A total of 17,250,000 units were sold at a price of $3.00 per unit for aggregate gross proceeds of approximately $51.75 million.

The offering was completed by a syndicate of underwriters led by Eight Capital and Canaccord Genuity Corp. as co-lead underwriters and joint bookrunners, and including Laurentian Bank Securities Inc. 

Cassels Brock acted for Eight Capital with a deal team that included Nancy Choi and Stefan Politano (Securities and Cannabis), Marco Ciarlariello (Business and Intellectual Property) and Chris Norton (Tax).