On October 13, 2017, Quinsam Capital Corp. (“Quinsam”) announced it had closed a non-brokered private placement of 16,163,326 units (“Units”) at a price of CAN$0.15 per Unit, for gross proceeds of $2,424,499.95 (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. We do not invest on behalf of any third party and we do not offer investment advice.

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