a close up of a pen


Meta Growth Corp completes C10 million bought deal financing

Date Closed: 2/06/2020

Value: C$10 million

On February 6, 2020, National Access Cannabis Corp. (TSXV: META) d/b/a Meta Growth (Meta Growth or the Company), Canada's largest publicly traded recreational cannabis retailer by revenue, completed its bought-deal prospectus offering (the Offering) for total gross proceeds of $10,000,012 .

The Offering was led by Echelon Wealth Partners Inc., as lead underwriter and sole book runner, and included Desjardins Capital Markets. The Offering was comprised of the issuance of 45,454,600 units of the Company (Units), at a price of $0.22 per Unit. Each Unit consists of one common share of the Company, and one common share purchase warrant to purchase a common share at a price of $0.29 for a period of 36 months from the closing of the Offering. The Company intends to use the net proceeds of the Offering to fund its Ontario retail expansion strategy.

Meta Growth, headquartered in Toronto, Ontario, is a leader in secure, safe and responsible access to legal recreational cannabis in Canada.

BLG represented Meta Growth with a team led by Michael Saliken that included Jasmine Lothian and Joshua Weinberger.