Clarus Securities Inc.

Bringing Home the Gold

Brock Winterton

It isn’t just the Rio Olympics sporting a banner of green and gold this season.  With stellar growth in both, the gold and medical marijuana industries, Clarus has been busy with raising over $500 million in capital for our clients.

The yellow metal has been an outstanding performer this year, both in terms of its rising price but also in terms of raising capital to shore-up balance sheets and stimulate growth. 

With companies in Canada, London and Austrialia, Clarus has been active in the space and has had 9 transactions for a total value of $475 million and have led or co-managed some $173 million.

To Greener Pastures

The major Medical Marijuana players have also been active raising capital to help expand their production & growing capacities.  Clarus has focused on what we believe to be industry leaders in the space and have helped raise over $45 million to support their cause. 

  Issuing Company
Capital Raised
Lead
Co-Managed
  GOLD
  Orezone Gold
$26.5
  Golden Predator
$13.5
  Energold Drilling
$5.0
  Endeavour Mining
$143.8
  Continental Gold
$25.0
  Wesdome Mining
$17.3
  Semafo Inc.
$115.1
  Klondex Mining
$114.5
  West African Resources
$15.0
  MEDICAL MARIJUANA
  Aphria $40.0

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What's Happening at Clarus...

Brock Winterton

  • A busy start to the year had Clarus lead or co-lead 3 transactions in January and co-manage another 2 raising a total of $303 million. (2/20/2018)
  • We recently initiated coverage of BeWhere Holdings (BEW $0.47). This young but experienced IoT telematics company is disrupting the market with its use of very low cost, next generation, low power cellular modem (LTE-M and NB-IOT) technology. We expect BeWhere to add several hundred thousand active subscribers over our forecast period. Buy with a Target Price of $1.00. (1/30/2018)

Remaining At the Centre of Key New Industries

Brock Winterton

The evolving market focus on cannabis related companies translated into several lead, co-lead and manager roles including two lead roles for Aphria Inc. raising over $200 million supporting its aggressive growth plans and a co-lead role for MedReleaf in its $100 transaction to also support a build-out of capacity.  We also helped Liberty Health Services with its roll-out of production and dispensary services in the Florida medical market.  In all, we raised over $350 million in 5 transactions for cannabis related companies in Q4/17 and early 2018.

As a continuation of our special situation coverage focusing in the US healthcare industry, we completed an IPO for Akumin Inc., an outpatient imaging centre consolidation story that has considerable opportunities for growth.  Also in the special sit area we led a transaction for QYOU Media, a company accessing massive international markets with its curating and packaging of web content and newly evolving e-sport content.

Blockchain related companies also developed a following and Clarus nimbly participated in the space with its involvement with LeoNovus, a cloud solutions provider using blockchain technology, as well as having supported the growth of Global Blockchain Technologies Corp.

Traditional sectoral coverage also played a role as Clarus led two, co-led one and co-managed one transaction in the gold sector including one for a West African gold developer, two for US focused companies and one for a Canadian focused company.

  Issuing Company
$ Millions Raised
Lead
Co-Managed
  Aphria Inc.
$115
  Aphria Inc.
$92
  MedReleaf Corp.
$100
  Nuuvera Corp
$22
  Liberty Health Services
$23
  Akumin Inc. (non-raise IPO)
$2
  QYOU Media Inc.
$6
  Leonovus Inc.
$14
  Global Blockchain
$43
  People Corp.
$25
  Cardinal Resources
$12
  Aurelius Minerals Inc.
$3
  Lucky Minerals Inc.
$3
  Pershing Gold Corp.
$15

Execution Remains Strong in Q2/17

Brock Winterton

During a quarter where agency trading just got more challenging, markets also saw several financings fail to fully sell. Fortunately, Clarus continued its successful capital raising activities including executing some sizable IPO’s.  In total, we raised $503 million in eight transactions of which we were lead or co-lead in six.  Noteworthy, four transactions were of $80 million or more. Three transactions raised $245 million of new equity in the cannabis industry taking our 2017 total to 8 transactions and $326 million of new equity.  In the last year, Clarus has raised $501 million in the cannabis space. Three transactions in Q2/17 totaling $98 million were completed in mining, one $80 million transaction was done in the oil and gas space and one for $81 million was done in the Special Sits space.

  Issuing Company
Capital Raised
Lead
Co-Managed
  Alio Gold Inc.
$58.7
  K92
$16
  Park Lawn Corp.
$80.5
  Med Releaf (IPO)
$100.7
  Aphria Inc.
$84.5
  Cardinal Resources
$22.8
  DFMMJ (IPO)
$60
  Leucrotta Exploration
$80

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