Canada
Derek Sigel
PartnerCo-Chair, Canadian Capital Markets Group
About
Derek Sigel practises in the areas of securities, corporate finance, and mergers and acquisitions as well as general corporate/commercial law. He primarily focuses on the technology, electronic commerce, telecommunications and resource sectors.
Derek has significant experience advising domestic and international clients on all aspects of Canadian securities law. Derek represents both issuers and underwriters in a wide range of financing transactions, including domestic and cross-border initial public offerings, secondary offerings, bought deal financings and private placements. His practice also involves stock exchange listings, stockholder arrangements, corporate reorganizations and venture capital fund formation. Derek has acted on numerous venture capital financings on behalf of both investee companies as well as Canadian and US venture capital investors.
Derek generally acts for entrepreneurs and small to medium-sized enterprises, as well as for a number of investment dealers and other providers of capital.
Derek has acted for clients in a variety of corporate acquisitions and dispositions, particularly in the technology and life sciences industries.
Derek counsels issuers, boards of directors, special committees and other transaction participants in various merger and acquisition matters, and in connection with take-over bids, proxy fights, stock exchange requirements and various corporate governance issues.
Areas of FocusCorporateMergers and AcquisitionsEquity Capital MarketsCorporate Venture CapitalEmerging Growth and Venture CapitalPrivate EquityArtificial Intelligence and Data Analytics
Bar admissionsOntario, 1997
EXPERIENCE
- Acted for the agents in connection with an initial public offering and TSX-V listing of EV Nickel Inc.
- Acted for Trulieve Cannabis Corp. in connection with a USD $350 million private placement offering of 8% secured notes.
- Acted for Trulieve Cannabis Corp. in connection with a further USD $75 million private placement offering of 8% senior secured notes due 2026.
- Acted as Canadian counsel to Montana Aerospace in connection with the acquisition of SRIF N.V., the parent holding company of the ASCO Group, a privately held supplier and development partner of wing components, complex mechanical assemblies and major structures for the aerospace industry.
- Acted for the underwriters in connection with a bought deal public offering of common shares of Converge Technology Solutions Corp. (TSX: CTS) for gross proceeds of $260 million.
- Acting for Trulieve Cannabis Corp. (CSE: TRUL) (OTC: TCNNF) in its US$2.1 billion acquisition of Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF).
- Acted for Trulieve Cannabis Corp. in connection with a public offering of subordinate voting shares in the United States and Canada for gross proceeds of $287.5 million.
- Acted for the underwriters in connection with a bought deal public offering of common shares of Converge Technology Solutions Corp. (TSX: CTS) for gross proceeds of $172.5 million.
- Acted for the agent in connection with a cross-border public offering of units of STEM Holdings, Inc. (CSE: STEM) for gross proceeds of $10.3 million.
- Acted for the agents in connection with a private placement offering of common shares of Zinc8 Energy Solutions Inc. (CSE:ZAIR) for gross proceeds of $15.5 million.
- Acted for the underwriter in connection with a private placement offering of common shares of Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) for gross proceeds of $29 million.
- Acted for the underwriters in connection with a bought deal public offering of units of Mind Cure Health Inc. (CSE: MCUR) for gross proceeds of $23 million.
- Acted for the underwriters in connection with a bought deal public offering of common shares of Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) for gross proceeds of $149.5 million.
- Acted for a syndicate of underwriters co-led by Canaccord Genuity Corp. and Echelon Wealth Partners Inc. in connection with the bought deal public offering of common shares of Converge Technology Solutions Corp. (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF) for gross proceeds of $86.4 million.
- Acted for a syndicate of underwriters led by Canaccord Genuity Corp. in connection with the bought deal public offering of subordinate voting shares of Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) for gross proceeds of $316.9 million.
- Acted for a syndicate of underwriters co-led by Canaccord Genuity Corp. and Beacon Securities Limited in connection with the overnight marketed offering of subordinate voting shares of Jushi Holdings Inc. (CSE: JUSH) (OTCMKTS: JUSHF) for gross proceeds of $40.4 million.
- Acted for the agents in connection with a public offering of common shares of Exro Technologies Inc. (TSXV: EXRO) for gross proceeds of $42 million.
- Acted for the agents in connection with a private placement offering of units, flow-through units and flow-through shares of Eskay Mining Corp. (TSXV: ESK) for gross proceeds of $13.8 million.
- Acted for the underwriters in connection with a bought deal public offering of common shares of Converge Technology Solutions Corp. (TSX-V: CTS) for gross proceeds of $46.2 million.
- Acted for the underwriters in connection with a bought deal private placement of units and flow-through shares of Canada Nickel Company Inc. (TSX-V: CNC) for aggregate gross proceeds of $13,040,000.
- Acted for the underwriters in connection with a bought deal public offering of units of Else Nutrition Holdings Inc. (TSX-V: BABY) for gross proceeds of $20.7 million.
- Acted for the underwriters in connection with a bought deal public offering of common shares of Converge Technology Solutions Corp. (TSX-V: CTS) for gross proceeds of $34.5 million.
- Acted for Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) in connection with a public offering of subordinate voting shares of the Company for gross proceeds of $115.5 million.
- Acted for Canaccord Genuity Corp. in connection with the private placement offering of common shares of Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) for gross proceeds of $34 million.
- Acted for a syndicate of underwriters co-led by Canaccord Genuity Corp. and Desjardins Capital Markets in connection with a bought deal public offering of common shares of Converge Technology Solutions Corp. (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF) for gross proceeds of $21.1 million.
- Acted for G&W Distilling in connection with the purchase of the G&W business by Labatt’s Canada.
- Acted for the underwriters in connection with a public offering of units of mCloud Technologies Corp. (TSX-V: MCLD) for gross proceeds of $11.5 million.
- Acted for Trulieve Cannabis Corp. (CSE: TRUL) in connection with a public offering of units of the Company comprised of an aggregate principal amount of US $60 million of 9.75% senior secured notes maturing in 2024 and an aggregate amount of 1,560,000 subordinate voting share warrants.
- Acted for Trulieve Cannabis Corp. (CSE: TRUL) in connection with a public offering of units of the Company comprised of an aggregate principal amount of US $70 million of 9.75% senior secured notes maturing in 2024 and an aggregate amount of 1,470,000 subordinate voting share warrants.
- Acted for Canaccord Genuity Corp. in connection with bought deal public offering of 5% unsecured convertible debentures of Aurora Cannabis Inc. (TSX: ACB) for gross proceeds of a $230 million.
- Acted for Trulieve Cannabis Corp. (CSE:TRUL) in connection with the filing of a base shelf prospectus for up to US $250 million of securities of the issuer.
- Acted as Canadian corporate counsel for Sodexo, Inc. in connection with the acquisition of Centerplate, Inc. from Olympus Growth Fund V, L.P. pursuant to a merger agreement for total consideration of approximately USD $675 million.
- Acted for Hemptown Organics Corp. in connection with a brokered financing of $16 million of convertible debenture units.
- Acted for Hemptown Organics Corp. in connection with the acquisition of all of the issued and outstanding securities of L2F, LLC (dba OregonSol).
- Acted for Eight Capital in connection with a US $51.4 million private placement offering of subscription receipts for a business combination for Vireo Finco (Canada) Inc., an affiliate of Vireo Health International, Inc.
- Acted for CENTR Brands Corp. (CSE: CNTR) in connection with a reverse take-over transaction and CSE listing.
- Acted for Newstrike Brands ltd. (TSX-V:HIP) in connection with a bought deal short form prospectus offering of units for gross proceeds of $51.8 million.
- Acted for Trulieve Cannabis Corp. (CSE:TRUL) in connection with a $65 million private placement of subscription receipts, reverse take-over of Schyan Exploration Inc. and CSE listing.
- Acted for Freshii Inc. (TSX: FRII) in connection with its $144 million initial public offering and TSX listing.
- Acted for Arbor Investments in connection with its acquisition of Dunn Paper, Inc., a Port Huron, Michigan based manufacturer of lightweight paper and tissue products.
- Acted for John Menzies plc in connection with its acquisition of Aircraft Service International Group (ASIG), a provider of ground handling, fueling, and airport facility services in more than 80 cities throughout North America, Europe, Asia, and Central America.
Languages
- English
Education
- LL.B., University of Western Ontario, 1995
B.A., University of Pennsylvania, 1991
Awards
- Best Lawyers Canada (Corporate Law), 2021-2025; (Securities Law), 2021-2025
- Canadian Legal Lexpert® Directory (Corporate Mid-Market), 2020-2021, 2023-2024; (Mining), 2021, 2023-2024; (Corporate Commercial) 2023, (Corporate Finance), 2024
- Listed in Lexpert Special Edition: Technology and Health Sciences, 2023
- Listed in Lexpert Special Edition: Mining, 2023
- Listed in Lexpert Special Edition: Energy and Mining, 2024
- The Legal 500 Canada (Corporate and M&A), 2017, 2019, 2022-2023; (Cannabis), 2021, 2024
Memberships And Affiliations
- Law Society of Ontario
- International Bar Association
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Phone
+1 416 365 3516
(Work, Toronto)
