Cowen and Company, LLC

Cowen and Company and the underwriters in Sundial Growers’ US$143 million U.S. and Canadian IPO of common shares and NASDAQ listing

Client

Cowen and Company, LLC

Value

US$143 million

Service

Cannabis

Date Closed

Lead Office

New York


 

On August 6, 2019, Sundial Growers Inc. completed its initial public offering in the United States and Canada for gross proceeds of US$143 million. Sundial Growers Inc. intends to use the proceeds from the IPO to complete the construction, expansion, and transition of its cultivation and processing facilities. This was only the second IPO by a Canadian Cannabis company with a U.S. stock exchange listing (on NASDAQ) as its initial listing at the time of the IPO, with the other being Tilray’s IPO, where Osler was also U.S. and Canadian counsel to the underwriters.

Cowen and Company, LLC is an American multinational independent investment bank and financial services company that operates through two business segments: a broker-dealer and an investment management division.

Osler, Hoskin & Harcourt LLP represented the underwriting syndicate as U.S. and Canadian legal counsel with a team led by Rob Lando (U.S. and Canadian Securities) and including Jie Chai (U.S. Securities), Justin Sherman and Jacob Young (Canadian Securities), Ethan Chang (U.S. Securities Counsel) and Marty Putyra (Regulatory).


Team
Rob Lando
Key Contact

Rob Lando

Partner, Corporate

Jie Chai

Jie Chai

Associate, Corporate

Justin Sherman

Justin Sherman

Associate, Corporate

Jacob Young

Jacob Young

Associate, Corporate

Ethan Chang

Ethan Chang

Associate, Corporate

Marty Putyra

Marty Putyra

Associate, Health