On December 11, 2017, Quinsam Capital Corp. (“Quinsam”) announced it had closed a brokered and non-brokered private placement of 46,000,000 units (“Units”) at a price of $0.25 per Unit, for aggregate gross proceeds of $11,500,000 (the “Offering”).

Quinsam intends to use the net proceeds from the Offering to purchase financial interests in cannabis companies and for general working capital purposes.

Quinsam is a merchant bank based in Canada. Our merchant banking business may encompass a range of activities including acquisitions, advisory services, lending activities and portfolio investments. Quinsam invests its capital for its own account in assets, companies or projects which we believe are undervalued and where we see a viable plan for unlocking such value.

Peterson McVicar acted for Quinsam Capital Corp. with a team that included Dennis Peterson and Michal Malecki and Jonathan Clark.