Zenabis Global Inc.

Zenabis Global Inc. in its completed public offering of units

Client

Zenabis Global Inc.

Value

$23.6 million

Service

Capital Markets

Date Closed

June 2020

Lead Office

Vancouver


 

On June 25, 2020, Zenabis Global Inc.completed an overnight marketed offering of units for aggregate gross proceeds of $23,567,760. Each unit is comprised of one common share and a warrant exercisable to purchase one common share. The offering was made pursuant to an agency agreement with a syndicate of agents, co-led by AltaCorp Capital Inc. and Eight Capital. Zenabis intends to use the net proceeds of the offering for general working capital and corporate purposes, the partial repayment of subordinated secured notes, the partial repayment of its unsecured convertible debentures, the partial repayment of its senior secured debt, and the payment of an extension fee on its $7,000,000 third tranche of senior secured debt.

Zenabis Global Inc. is a Canadian licensed cultivator of medical and recreational cannabis specializing in the propagation and cultivation of floral and vegetable products.

Osler, Hoskin & Harcourt LLP advised Zenabis Global Inc. with a team consisting of Trevor Scott, Jason Comerford, Patrick Sullivan, Jie Chai, Kelsey Weiner, Michael Cremers (Corporate) and Timothy Hughes (Taxation). 


Team
Trevor R. Scott
Key Contact

Trevor R. Scott

Partner, Corporate

Jason  Comerford

Jason Comerford

Partner, Corporate

Patrick has a broad corporate practice with an emphasis in securities, mining and corporate gover..

Patrick Sullivan

Associate, Corporate

Jie Chai

Jie Chai

Associate, Corporate

Kelsey Weiner

Kelsey Weiner

Associate, Corporate

Michael F. Cremers

Michael F. Cremers

Associate, Emerging and High Growth Companies

Timothy  Hughes

Timothy Hughes

Partner, Taxation