good natured Products Inc. Completes $4 Million Private PlacementDecember 17, 2020
good natured Products Inc. (TSXV:GDNP) has completed a “bought deal” private placement of common shares for gross proceeds of over $4 million. Canaccord Genuity Corp. acted as lead underwriter and sole bookrunner in connection with the offering in a syndicate that included Integral Wealth Securities Limited and Paradigm Capital Inc.
The financing was completed in connection with the proposed strategic acquisition by GDNP of IPF Holdings Inc. dba Integrated Packaging Films for $16.7 million. IPF is a manufacturer of high quality, rigid plastic sheets used to create a variety of products, including thermoformed packaging. IPF’s customers serve a diverse set of end markets, including electronics, retail, industrial, food and medical packaging. IPF currently serves nearly 100 customers primarily located in the northeast and midwest United States and Eastern Canada.
good natured® is producing and distributing one of North America’s widest assortments of better everyday products® made with the highest possible percentage of renewable, plant-based materials and no BPAs, phthalates or other chemicals of concern potentially harmful to human health and the environment. With a growing assortment of over 385 products and services, good natured® creates eco-friendly home and business products, food packaging, restaurant/take-out containers, medical and industrial supplies designed to do good for the planet, good for human health and good for business by driving incremental sales, minimizing waste and reducing environmental impact, all bundled up in a fresh and approachable brand.
Wildeboer Dellelce LLP acted for the underwriters in connection with the private placement with a team that consisted of Michael Rennie, Jessica Coco and Julian Lupo (corporate/securities).
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