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Sugarbud completes C$4M secured offering of units with Mackie Research as lead agent

Date Closed

June 15, 2020

Lead Office



4.00 Million CAD

On June 15, 2020, Sugarbud completed a public offering of secured convertible debenture units for total proceeds of C$4 million, with Mackie Research Capital Corporation as lead agent and bookrunner. Sugarbud intends to use the proceeds from this offering to expand its cultivation capabilities at its facility in Stavely, Alberta.

Mackie Research Capital Corporation is a large employee-owned investment dealer and wealth management firm based in Canada.

McCarthy Tétrault advised Mackie with a team led by Gordon Cameron that included Melissa Colborne, Niki Gill, John Norman (Corporate), Audrey Bouffard-Nesbitt (Financial Services), David Meier (RPP), and Robert Nearing and Steve Marshall (Tax).