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TORONTO, March 22, 2019 /CNW/ - Canaccord Genuity Growth Corp. ("CGGC") has, in accordance with applicable rules, filed a non-offering final prospectus with the securities regulatory authorities in each of the provinces and territories of Canada (other than Québec) and has obtained a receipt therefor.
On November 21, 2018, CGGC announced that it had entered into a definitive transaction agreement, as amended on February 20, 2019 (the "Transaction Agreement") with Columbia Care LLC ("Columbia Care"), a leading medical cannabis company in the United States to effect a business combination (the "Business Combination"), by way of a merger between Columbia Care and a newly-formed Delaware subsidiary of CGGC, which is intended to constitute CGGC's qualifying transaction. Upon completion of the Business Combination, CGGC will be renamed Columbia Care Inc.
The special meeting of shareholders at which approval of the Business Combination and other matters related to the Business Combination will be sought is to be held on April 22, 2019 with a record date of March 20, 2019. CGGC intends to mail the information circular to its registered shareholders on or about April 1, 2019 at which time it will also be available on SEDAR at www.sedar.com.
A copy of the final prospectus is available on SEDAR at www.sedar.com.
About Canaccord Genuity Growth Corp.
Canaccord Genuity Growth Corp. is a newly organized special purpose acquisition corporation incorporated under the laws of the Province of Ontario for the purpose of effecting a qualifying transaction within a specified period of time.
About CG Investments Inc.
CG Investments Inc. is the sponsor of CGGC. CG Investments Inc. is a wholly-owned subsidiary of Canaccord Genuity Group Inc., a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: capital markets and wealth management.
About Columbia Care LLC
Columbia Care is one of the U.S.'s largest and most experienced cultivators, manufacturers and providers of medical cannabis products and services. It is licensed in certain regulated jurisdictions and has completed more than 750,000 sales transactions since its inception. Working in collaboration with globally renowned and innovative teaching hospitals and medical centers, Columbia Care is a patient-centered healthcare and wellness company setting the standard for compassion, professionalism, quality, caring and innovation for a rapidly expanding new industry. For more information on Columbia Care, please visit www.col-care.com.
This press release may contain forward‐looking information within the meaning of applicable securities legislation, which reflects CGGC's current expectations regarding future events including the proposed Business Combination. Forward‐looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond CGGC's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐ looking information. Such risks and uncertainties include, but are not limited to, timing and requirements applicable to completion of the Business Combination, failure to complete the Business Combination, inability to obtain requisite regulatory and shareholder approvals, changes in general economic, business and political conditions, changes in applicable laws, compliance with extensive government regulation, as well as the factors discussed under "Risk Factors" in the final prospectus, a copy of which is available on SEDAR at www.sedar.com. CGGC undertakes no obligation to update such forward‐looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
The NEO Exchange does not accept responsibility for the adequacy or accuracy of this press release.
SOURCE Canaccord Genuity Growth Corp.
For further information: Canaccord Genuity Growth Corp., Michael Shuh, Chairman and Chief Executive Officer, (416) 869-7376