Tokyo Smoke Completes $4 Million First Tranche Series B Private PlacementAugust 04, 2017
TS Brandco Holdings Inc. (d/b/a Tokyo Smoke), an award-winning lifestyle brand aiming to bring sophistication and design to the cannabis space, completed the first tranche of its non-brokered Series B private placement for gross proceeds of approximately $4,000,000. Lead investors in the first tranche included Aphria Inc., one of Canada's largest medical cannabis producers. The second tranche, anticipated to close in August 2017, is expected to include a lead investment from Green Acre Capital Fund I LP, a fund dedicated to strategic investments in cannabis properties.
Wildeboer Dellelce LLP represented Tokyo Smoke in connection with the private placement with a team that included Jeff Hergott, Rebecca Cochrane and Melissa Smith (corporate/securities).