CAUTION: We have been advised that fraudulent emails with a modified domain name have been sent by a source purporting to be from Aird & Berlis LLP. These communications are not legitimate and are not from Aird & Berlis LLP. Disregard any such emails and do not engage with the sender or the email in any way. Please report the attempted fraud by contacting the Canadian Anti-Fraud Centre and by emailing Aird & Berlis LLP at help@airdberlis.com.

Back to all Representative Matters
Jun 22, 2020

MediPharm Labs Completes $37.8 Million Private Placement

Melanie Cole, Amy Marcen-Gaudaur, Meredith McCann and Aaron Collins

MediPharm Labs Corp. (“MediPharm Labs” or the “Company”), a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, recently completed a private placement with an institutional investor (the “Investor”) for aggregate gross proceeds of $37,822,500 (the “Offering”).

On June 8, 2020, MediPharm Labs completed the Offering pursuant to which $18,911,250 was related to the placement of a $20.5 million unsecured convertible note and a warrant to purchase up to 3,601,427 common shares of the Company (the “Common Shares”); and $18,911,250 of which is currently being held in escrow and is related to the placement of a subscription receipt entitling the holder to receive, upon satisfaction of certain escrow release conditions, a further $20.5 million unsecured convertible note and a further warrant to purchase up to 3,601,427 Common Shares.

Aird & Berlis LLP represented MediPharm Labs with a team comprised of Melanie Cole, Amy Marcen-Gaudaur and Meredith McCann (capital markets), and Aaron Collins (financial services).

Related Industries

Related Representative Matters

Representative Matters
Waygar Capital Completes $30 Million Financing Aaron Collins and Jonathan Yantzi Sep 16, 2021 Waygar Capital, as agent for Ninepoint Canadian Senior Debt Fund, completed its $30,000,000 finan... Waygar Capital, as agent for Ninepoint Canadian Senior Debt Fund, completed its $30,000,000 financing of Enterprise Group Inc., a specialized equipment rental and services organization to Canada's energy sector, to fund asset purchases, enhance capital expenditures and diversify acquisition strat...
Representative Matters
Ontario Superior Court of Justice Approves CannTrust’s CCAA Plan Steven L. Graff and Jonathan Yantzi Jul 27, 2021 On July 16, 2021, CannTrust announced that its plan of compromise, arrangement and reorganization... On July 16, 2021, CannTrust announced that its plan of compromise, arrangement and reorganization was sanctioned by the Ontario Superior Court of Justice as part of CannTrust’s restructuring proceedings under the CCAA.
Representative Matters
goeasy Ltd. Acquires LendCare for $320 Million Donald L. West, Jill P. Fraser, David Malach and Barbara Worndl May 04, 2021 On April 30, 2021, goeasy Ltd. (TSX: GSY), a full-service provider of goods and alternative finan... On April 30, 2021, goeasy Ltd. (TSX: GSY), a full-service provider of goods and alternative financial services, completed its acquisition of LendCare Holdings Inc., a Canadian point-of-sale consumer finance and technology company, from LendCare’s founders and CIVC Partners for $320 million