Cannabis Growth Opportunity Corporation, a cannabis industry focused investment management company, has filed for an initial public offering of up to 30 million units at an offering price of $2.50 per unit for gross proceeds of up to $75 million.
Kelowna, BC based CGOC Management Corp. will act as the manager and promoter and will provide all management services. Toronto based StoneCastle Investment Management Inc. will act as the investment manager with respect to the public portfolio.
Eight Capital, as agent, conditionally offers the units on a best efforts basis. Blake, Cassels & Graydon LLP and Wildeboer Dellelce LLP act as legal counsel to the company and the manager, and to the agent respectively.
Cannabis Growth Opportunity will invest in an actively managed portfolio of securities of public and private companies operating in, or that derive a significant portion of their revenue or earnings from, products or services related to the cannabis industry. The company will be invested primarily in publicly traded equity securities, may invest up to 40% of the total assets in private equity investments.
The following issuers would initially form part of the public portfolio: Aphria Inc. (TSX: APH), Canopy Growth Corporation (TSX: WEED), MedReleaf Corp. (TSX: LEAF), CannTrust Holdings Inc. (CSE: TRST), Cannimed Therapeutics Inc. (TSX: CMED), Cronos Group Inc. (TSX: MJN), The Hydropothecary Corporation (TSX-V: THCX), Organigram Holdings Inc. (TSX-V: OGI), Friday Night Inc. (CSE: TGIF), Supreme Pharmaceuticals Inc. (TSX-V: FIRE), DOJA Cannabis Company Limited (CSE: DOJA), Emerald Health Therapeutics, Inc. (TSX-V: EMC), Harvest One Cannabis Inc. (TSX-V: HVST), Maricann Group Inc. (CSE: MARI), and Village Farms International Inc.