Merrco Payment secures financing

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By Ted Liu

Merrco Payment, a Calgary based Cannabis e‑commerce and government compliance payment company, has raised $4,405,000 from 53 private investors from Alberta (45), BC (2), Ontario (3), Saskatchewan (2) and Bermuda (1).

NBCN Inc. assisted the financing and was paid $264,300 in fees.

Merrco Payment was incorporated on December 13, 2016.

Merrco Payment board consists of James McRoberts, Scott McGregor, and Giuliano Zaccardelli of Ontario. McRoberts, former Executive Chairman of Optional Payments from January 2008 to January 2012, and McGregor, Managing Director of Investment Banking with Mackie Research Capital Corp., are currently taking HAW Capital Corp., a capita pool company, public.

David Hyman, CA, CBV, Former Vice President of Camcor Partners, serves as CFO for both Merrco and HAW Capital.

Merrco Payment is likely to be HAW Capital’s qualifying transaction target.