Tweed Marijuana Inc. Completes $20 Million Bought Deal Financing
Tweed Marijuana Inc. (TSXV: TWD) completed a bought deal short form prospectus offering of common shares (“Shares”) at a price of $2.15 per Share for gross proceeds of $20,000,160 (the “Offering”). The Offering was completed with a syndicate of underwriters led by GMP Securities L.P. and including Dundee Securities Ltd. and M Partners Inc.
Tweed Marijuana Inc. has also granted the underwriters an over-allotment option to purchase up to an additional 1,395,360 Shares at a price of $2.15 per Share, exercisable within 30 days following the closing of the Offering for additional gross proceeds of up to $3,000,024.
Wildeboer Dellelce acted for the Underwriters in connection with the Offering with a team that included Perry Dellelce, Charlie Malone, Andrea Hill, Jamie Bregman (corporate/securities) and Kevin Fritz (tax).