Transactions

Transactions

Overview

GABY Inc. Completes $12.5 Million Financing in connection with the US$36.5 Million Acquisition of California’s Mankind Dispensary

February 04, 2021

GABY Inc. (“GABY”), a California based cannabis consumer products company and soon to be cannabis retailer, completed a brokered private placement of subscription receipts (the “Brokered Offering”) and a non-brokered private placement of units (together with the Brokered Offering, the “Private Placement”), for aggregate gross proceeds of $12.5 million. Proceeds from the Private Placement will be used to fund the merger between Gaby and Miramar Professional Services, which operates one of the oldest licensed dispensaries in California – Mankind Dispensary.

The Brokered Offering was conducted by a syndicate of agents led by Mackie Research Capital Corporation and included Haywood Securities Inc.

Wildeboer Dellelce LLP acted for the Agents in connection with the Brokered Offering with a team consisting of Jeff Hergott, Joel Fraser, Niall Sweeney and Nick Robelek (corporate/securities).