Date closed: 7/5/2018

Value: C$13.2 million

On July 5, 2018, Rubicon Organics Inc. (Rubicon Organics) announced the closing of its private placement offering (the Offering) of special warrants (the Special Warrants) for aggregate gross proceeds of approximately C$11.8 million, upsized from C$7.0 million.  Canaccord Genuity Corp., as sole bookrunner, and Mackie Research Capital Corp., acted as co-lead agents on behalf of a syndicate including Haywood Securities Inc.

Concurrent with the above Offering, Rubicon Organics also completed the further sale of Units of the Company (each comprised of one Common Share and one-half of one Warrant) for gross proceeds of approximately C$1.4 million, on a non-brokered private placement basis.

Rubicon Organics, headquartered in Vancouver, British Columbia, is a vertically integrated cannabis company with planned operations in Canada, California and Washington.

BLG represented Rubicon Organics with a team led by Stephen P. Robertson and that included Tom Ladner and James Cantwell.