Cannabis Strategies Acquisition Corp. completes IPO

On December 21, 2017, Cannabis Strategies Acquisition Corp. (CSAC), and Mercer Park CB, LP as sponsor, completed the initial public offering of Class A restricted voting units of CSAC (including the partial exercise of the over-allotment option) for an aggregate of $134,750,000.

CSAC is Canada’s first cannabis-focused special purpose acquisition corporation.

The offering was underwritten by Canaccord Genuity Corp.

CSAC and Mercer Park were represented in Canada by a Stikeman Elliott LLP team comprising Simon Romano, Matt Hunt, Kristina Vranjkovic and Spencer Burger (securities), and John Lorito, Jill Winton and Lindsay Gwyer (tax).

Canaccord was represented by a Goodmans LLP team comprising Bill Gorman, Victor Liu, Money Khoromi and David Coll-Black (corporate/securities), and Jon Northup and Kabir Jamal (tax).