Cansortium Inc.

Canaccord Genuity Acts as Co-Bookrunner and Co-Lead Agent for Cansortium, Inc. on its US$53.1 Million Initial Public Offering on the CSE

Canaccord Genuity is pleased to announce that on March 21, 2019, it completed an initial public offering (“IPO”), for Cansortium, Inc. (“Cansortium” or the “Company”) (CSE:TIUM.U) for gross proceeds of US$53.1 million. The Company intends to use the net proceeds from the offering for business development, repayment of debt, working capital and general corporate purposes.

Headquartered in Miami, Cansortium is a vertically-integrated operator with a track record of success operating in large, regulated markets with high barriers to entry. Cansortium currently has revenue-generating operations in Florida, Texas, Pennsylvania and Puerto Rico, is licensed and cultivating in Colombia, and has near-term expansion plans in Canada, Michigan and Brazil. Cansortium is focused on leveraging an efficient and scalable cultivation platform, proprietary processing technologies and extensive regulatory expertise to penetrate new markets and establish itself as a preeminent global cannabis brand.

Canaccord Genuity acted as co-bookrunner and co-lead agent for the transaction. The Canaccord Genuity team included Tom Pollard, Or Barak and Tiffany Loh from Investment Banking, Graham Saunders from Origination, and Ron Sedran, Jen Pardi and Lily Yu from Equity Capital Markets.