Westleaf Cannabis secures financing

Westleaf Cannabis Inc. has closed private round of financing, raising $#SUBSCRIBERS ONLY CONTENT Where and how did you get your news? Subscribe today to see our research on this and all other subscriber ONLY news. See what you have been missing and be informed!#

Canaccord Genuity Corp. acted as placement agent while Borden Ladner Gervais LLP acted as legal counsel.

Calgary based Westleaf Cannabis Inc. is a private vertically integrated cannabis company.

In January 2018, Westleaf entered into a non-binding letter of intent with Delta 9 Cannabis Inc. (TSX-V: NINE) to create a strategic partnership for the joint development of a large-scale cannabis production facility located in Southern Alberta. Delta 9 and Westleaf will each own a 50 per cent equity interest in the project.

In addition to the Alberta project, Westleaf is developing a 200,000 square foot cannabis production facility in Saskatchewan. Westleaf and its affiliates are pursuing retail distribution in both Alberta and Saskatchewan.

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.