News & Events

April 21, 2017
Forestry.io Closes First Seed Round in Canada with AngelList Syndicate

Charlottetown-based Forestry.io announced the close of a $744,000 ($560,000 USD) seed round. With this funding, Forestry.io is the first startup in Canada to close a round of funding that includes an AngelList Syndicate since its approval by the Ontario Securities Commission last year. Forestry.io’s funding round inclu... Read More

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April 11, 2017
Can You Invest in a SAFE Through an RRSP or TFSA?

We have been fielding numerous questions lately about whether or not a SAFE can be a qualified investment for an RRSP or a TFSA. A SAFE (“simple agreement for future equity”) is a relatively new investment vehicle for parties wishing to invest in start-up companies.  Generally, a SAFE would typically have the follow... Read More

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April 11, 2017
Goodfood Market Inc. Completes $21 million Private Placement

Goodfood Market Inc. is pleased to announce the closing of a brokered private placement of subscription receipts for gross proceeds of $21 million, led by GMP Securities L.P. and including National Bank Financial  Inc. and Cormark Securities Inc. LaBarge Weinstein acted as counsel to Goodfood Market with a team that i... Read More

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March 29, 2017
Recent De Facto Control Decisions

Canadian tax laws favour Canadian controlled private corporations (CCPCs) by granting them exclusive access to refundable scientific research and experimental development (“SR&ED”) tax credits and lower tax rates on business income.  In order for a corporation to be a CCPC, it must not be controlled in fact or in l... Read More

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March 29, 2017
Canopy Growth Completes $24.25 Million Private Placement Financing

Canopy Growth Corporation (TSX: WEED) is pleased to announce that it has completed a private placement with one investor of common shares.   Pursuant to the Offering, the Company issued 2,500,000 Shares at a net price of $9.70 per Share, for aggregate net proceeds of $24,250,000. LaBarge Weinstein acted as counsel to Can... Read More

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