On March 1, 2018, Quinsam Capital Corporation(“Quinsam”) announced it had closed a brokered private placement of 21,899,349 Units (“Units”) at a price of CAN$0.60 per Unit for total gross proceeds of CAN$13,139,609.40 (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 that is focusing on cannabis-related investments.

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