December 21, 2017

Cannabis Strategies Acquisition Corp. Completes IPO

Goodmans LLP 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.

A prominent player in REITs and SPAC-related offerings, also bearing an impressive record in cross-border and cannabis-related matters. — The Legal 500 Canada
The team at Goodmans LLP advises a range of clients, including producers, investment banks, international operators, capitalists and financiers. — The Legal 500 Canada
Clients note, "The team helped close our acquisition of an international cannabis business with aplomb; helping us to win the bid in unusual and competitive circumstances." — The Legal 500 Canada
Clients remark, "the team is incredibly responsive, and always focuses on how issues affect us... We always deal directly with the partners we want." — Legal 500 Canada
The cannabis department at Goodmans LLP offers extensive corporate support to its clients across M&A, capital markets deals and restructurings. — The Legal 500 Canada
....punches above its weight for big-ticket M&A in Canada, recently advising on substantial transactions in mining, energy, technology and cannabis sectors. — Chambers Global

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