Mercer Park Brand Acquisition Corp. Announces Completion of Initial Public Offering

Goodmans LLP represented Mercer Park Brand Acquisition Corp. (“BRND”) in connection with its initial public offering of US$402,500,000 of Class A Restricted Voting Units (including US$52,500,000 of Class A Restricted Voting Units issued on the exercise in full of the over-allotment option). This represents a total of 40,250,000 Class A Restricted Voting Units offered at a price of US $10 per unit for total gross proceeds of US$402,500,000.

The proceeds from the distribution of the Class A Restricted Voting Units were deposited into an escrow account and will be released upon certain prescribed conditions, as further described in the final prospectus dated May 7, 2019.

BRND is a newly organized special purpose acquisition corporation formed for the purpose of effecting an acquisition of one or more businesses or assets within a specified period of time (a “Qualifying Transaction”). BRND intends to focus its search for targets that operate branded product businesses in cannabis and/or cannabis-adjacent industries; however, it is not limited to a particular industry or geographic region for purposes of completing its Qualifying Transaction.

Goodmans LLP acted as Canadian legal counsel to BRND, with a team led by Stephen Pincus and including William Gorman, David Coll-Black and Ledya Yohannes (Corporate/Securities), and Jon Northup and Michael Royal (Tax). Hodgson Russ LLP acted as US legal counsel to BRND, and represented BRND with a team including George Eydt and Timothy Ho. Canaccord Genuity Corp. acted as the sole underwriter in connection with the Offering.