Cannabis Strategies Acquisition Corp. Completes IPO
|Areas||Cannabis, Corporate Finance and Securities, Health Care Law, Tax|
Goodmans represented the underwriter, Canaccord Genuity Corp. in connection with the completion of an initial public offering by Cannabis Strategies Acquisition Corp. (“CSAC”), and Mercer Park CB, L.P. as sponsor, of Class A restricted voting units of CSAC (including the partial exercise of the over-allotment option) for an aggregate of $134,750,000. The initial public offering closed on December 21, 2017.
CSAC is Canada’s first cannabis-focused special purpose acquisition corporation and is seeking to identify and execute on a qualifying transaction in the cannabis market.