Tokyo Smoke Completes Second Tranche of its Non-Brokered Series B Private PlacementOctober 26, 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 second tranche of its non-brokered Series B private placement for aggregate gross proceeds of approximately $6 million over both tranches. Lead investors in the second tranche included Aphria Inc., one of Canada's largest medical cannabis producers and Green Acre Capital Fund I LP, a fund dedicated to strategic investments in cannabis properties. In addition, Tokyo Smoke also received strategic investment from Paul Rowan, a design pioneer in the housewares industry and a founding partner at Umbra, a global product design company with presence in over 120 countries. Wildeboer Dellelce LLP represented Tokyo Smoke in connection with the private placement with a team that included Jeff Hergott, Rebecca Cochrane and Tajrin Nayeem (corporate/securities).