CannTrust Holdings Inc. Announces Upsize of Previously Announced Offering

Published: May 16, 2018

CannTrust Holdings Inc. Announces Upsize of Previously Announced Offering

 CannTrust Holdings Inc. has entered into a revised agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and GMP Securities L.P., pursuant to which the Underwriters will purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 9,700,000 units of the Company at a price of $9.00 per Unit for aggregate gross proceeds of $87,300,000.

 

Each Unit will consist of one common share and one-half of one common share purchase warrant of the Company. Each Warrant will be exercisable to acquire one common share of the Company for a period of two years following the closing date of the Offering at an exercise price of $12.00 per common share, subject to adjustment in certain events.