CPE Media Analytics released its venture capital report for the first three quarters of 2019: investments from US investors now accounted for half of all VC $ went to Canadian companies.
First half of 2019 Canadian VC set a torrid pace, with 264 financings completed totaling $2.9 billion, on pace to pass $5B mark for first time since 2000
H1 2019 exempt financing – top 5 law firms in # of deals: Owen Bird, Burstall, Clark Wilson, Cassels Brock & Blackwell, Dentons Canada; top 5 in deal values: Torys, McCarthy Tétrault, Norton Rose Fulbright Canada, Stikeman Elliott, Davies Ward Phillips & Vineberg
Canaccord Genuity Corp. and Greybrook Securities Inc. were leading investment dealer and EMD respectively in the first half of 2019 exempt financing fees earned.
CPE Media Analytics released comprehensive results for initial public offerings (IPOs) for the first half of 2019.
Entrepreneur-venture capitalists – are they good for the company, the venture capital investors, or themselves?
92 law firms worked on 525 financings with total deal value of $14.76B in Q1. Owen Bird Law Corporation Norton Rose Fulbright Canada LLP led in deal numbers and total deal value
Canaccord Genuity Corp. and Greybrook Securities Inc. the leading investment dealer and EMD respectively in Q1 exempt financing fees earned.
Q1 2019 Canada VC Results highlight: US investors accounted for 53% of total disbursement, Ontario companies received lion’s share (63%) of disbursements
US investors invested $6.03 billion, accounting for 61% of $10 billion disclosed cannabis investments, almost doubling of the total amount by Canadian investors ($3.1 billion)
Ontario cannabis and related companies received lion’s share of cannabis investments. US and companies with major US operations captured increasing share of investments with $3.64B (23%)
The CSE most active exchange in Canada leading with 349 cannabis and related deals for $4.65B (29% of the $16 billion total)
Cannabis and related companies raised $16 billion in 2018, 445% increase over 2017 and 2,117% over 2016.
Integrity and truthfulness do pay; manufactured “looking good” does not help
Canadian VC/PE backed IPOs overwhelmingly underperformed against US VC/PE backed IPOs and VC backed IPO underperformed PE Backed IPOs, CPE Media Analytics report found
Owen Bird, BCF, Fasken, Osler, Northwest Law, McCarthy Tétrault, Blakes, DLA Piper (Canada), Burstall, TingleMerrett, Stikeman Elliott, Goodmans, Dentons Canada – leading exempt financing law firms in Jan 2019
Top 10 exempt fee earning EMDs: Pinnacle Wealth Brokers, Raintree, Tri View Capital, Westcourt Capital, Fisgard Asset, Ardenton Financial, Capital Street Group, Enoch Wealth, Waverley, Keira Capital Partners
