Red White & Bloom Brands Inc. closes $25 million bought deal offering of units, Including full exercise of over-allotment option

1 minute read
24 September 2020

On September 24, 2020, Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) ("RWB") closed its bought deal offering of 33,350,000 units of RWB for aggregate gross proceeds of $25,012,500, which included the full exercise of the over-allotment option. The offering was co-led by PI Financial Corp. and Eight Capital on behalf of a syndicate of underwriters including Canaccord Genuity Corp. and Echelon Wealth Partners Inc.

Gowling WLG was counsel to RWB with respect to this offering with a team that included Jason Saltzman, Josh Rosen and Joseph McDonald (corporate finance and securities) and Paul Carenza and Mariam Al-Shikarchy (tax).

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