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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Mercer Park Brand Acquisition Corp. Announces Completion of Initial Public Offering

2019

Areas Cannabis, Corporate Finance and Securities, Tax

Summary

Goodmans LLP represented Mercer Park Brand Acquisition Corp. (“BRND”) in connection with its initial public offering of U.S. $402,500,000 of Class A Restricted Voting Units (including U.S.$52,500,000 of Class A Restricted Voting Units issued on the exercise in full of the over-allotment option). This represents a total of 40,250,000 Class A Restricted Voting Units offered at a price of U.S. $10.00 per unit for total gross proceeds of U.S. $402,500,000. The proceeds from the distribution of the Class A Restricted Voting Units were deposited into an escrow account and will be released upon certain prescribed conditions, as further described in the final prospectus dated May 7, 2019.

BRND is a newly organized special purpose acquisition corporation formed for the purpose of effecting an acquisition of one or more businesses or assets within a specified period of time (a "Qualifying Transaction"). BRND intends to focus its search for targets that operate branded product businesses in cannabis and/or cannabis-adjacent industries; however, it is not limited to a particular industry or geographic region for purposes of completing its Qualifying Transaction.