Manatt’s Thomas Poletti and Katherine Blair, partners on the capital markets team, represented A.G.P./Alliance Global Partners as sole placement agent to HEXO Corp, a consumer packaged goods cannabis-based products company, in connection with its public offering of $360 million of senior secured convertible notes.
The notes, sold at a purchase price of $327.6 million, will mature on May 1, 2023, and will be convertible into freely tradeable common shares of the company. HEXO Corp, which is based in Ottawa, Canada, intends to use all the net proceeds to fund the acquisition of a large Canadian licensed producer.
Manatt’s capital markets team previously represented A.G.P. in its role as placement agent in a $20 million registered direct offering and a $25 million registered direct offering of common shares and warrants for HEXO Corp.
To read more about the deal, click here.