CSE Financing January 2019 Prepared by CPE Media Inc.
January 2019 Highlights Activities slowed down; new listings continue strong momentum • CSE financing activities slowed down in January 2019 with 41 financings for $42 million. • Cannabis life sciences financing led with $27.5 million or 65% of the total amount. Diversified and Mining sector issuers followed with $7.4 million and $5.6 million respectively. • Normal equity and convertible debenture types of financing led with $20 million and $15 million respectively. Only one RTO and non-offering type of financing completed in the month, raising $100,000. • BC headquartered issuers led with $28 million or 67% of the total. Issuers with major US assets/operations raised $20 million or 47% of the total • 11 new issuers listed on the CSE: 4 from TSX Venture Exchange (TSX-V), 2 IPOs, 4 RTO/non-offering listings and 1 cross-listing from OTC. • As of February 13, 2019, 60 issuers are seeking CSE listing approval.
CSE FINANCING ACTIVITIES - JANUARY 2019
120
1,400
90
1,050
60
700
30
350
Monthly Trends • 41 financings completed for $42 million in January 2019. A smaller number of deals and lack of large deals contributed to the slowdown. • The total number of deals decreased by 51% from December 2019 (84) and 50% from January 2018 (82). The total amount raised decreased by 88% from December 2018 ($340 million) and 81% from January 2018 ($225 million). • The CSE led all exchanges in new
0
1-16 3-16 5-16 7-16 9-16 11-16 1-17 3-17 5-17 7-17 9-17 11-17 1-18 3-18 5-18 7-18 9-18 11-18 1-19 # Deals
30
22
22.5
17 15
listings with 11 new listings. There were only 4 new listings, all CPCs, on
7.5
TSX-V, and 1 non-ETF new listing on TSX, which was a graduation from TSX-V.
$ Raised (Mils)
6 3
0
7 4 4
2
1
3 0
1
2
3
4
5
6 3 3
3
5 2
7
8
12 12
11
10 10
8
7
9
10
11 8
5 2
1-16 3-16 5-16 7-16 9-16 11-16 1-17 3-17 5-17 7-17 9-17 11-17 1-18 3-18 5-18 7-18 9-18 11-18 1-19
0
CSE FINANCING ACTIVITIES - JANUARY 2019
Small-sized deals drive average deal size down • The average deal size for January 2019 was $1.35 million, down from $4.05 million in December 2018, and down from $2.74 million year
Average deal size in 2018-2019 ($K) 16,000
$14,059
12,000
$11,485
earlier in January 2018. • All of the January deals were less than $10 million in size. The largest deal was the $9.83 million final tranche of upsized $15 million
8,000
$6,772 $5,503
$5,324 $4,791
convertible debenture financing completed by C21 Investments (CSE: CXXI).
$4,049
$3,868 $3,689
4,000
$3,015
$2,743
$2,917 $1,035
0
1-18
2-18
3-18
4-18
5-18
6-18
7-18
8-18
9-18
10-18
11-18
12-19
1-19
CSE FINANCING ACTIVITIES - JANUARY 2019
RTO financing retreats temporarily in January
5%
• One RTO type of financing raised $0.44 million (0%) in January, down from $67.7 million (18%) in December 2018 or $2.7 billion (51%) for 2018.
7%
36%
2019 $ by Deal Type 48%
5% IPO
• Normal equity type of financing regained top ranking, raising $19.9 million or 48% of the total amount. Led by C21 Investments deal, convertible debenture type
Equity
FT
expected to be temporary.
Convert. Debt
Debt
Debt Settlement
1% 5% 4%
5%
of financing raised $15.3 million or 36% of the total. • With 25 RTO and 11 TSX-V migration listing pending, the retreat by RTO type of financing is
RTO
2018 $ by Deal Type
34%
51%
IPO
Equity
FT
RTO
Convert. Debt
Debt
Debt Settlement
CSE FINANCING ACTIVITIES - JANUARY 2019
US based issuers’ share of financing down in January • US based issuers raised $6.3 million in January or 15% of the total amount, down 53% of the total in 2018.
100%
50%
$19.9 million or 47% of the total amount, down from 63% of the total amount in 2018.
53% 99%
98%
85%
25%
• BC based issuers led with $28.4
• US based and Canadian issuers with major US operations raised
15%
75%
0%
million or 67% of the total amount or 79% of the Canadian total amount.
1%
$ TOTAL RAISED BY HEADQUARTERS 1%
47%
2016
Canada
2017
USA
2018
Foreign
2019
$ TOTAL RAISED BY MAJOR ASSETS/OPERATIONS 100% 75%
2%
5%
11%
21%
23%
16%
63% 47%
50% 73%
72%
25%
0%
2016
Canada
2017
USA
35%
32%
2018
2019
Foreign
CSE FINANCING ACTIVITIES - JANUARY 2019
Cannabis life science deals continue to lead • Cannabis life science issuers led all financings, raising $27.5 million in January, representing 65% of the total amount, down from 77% in 2018. • Diversified industry sector, which includes investment issuers targeting cannabis sector, raised $7.4 million or 18% of the total amount, up from 13% in 2018.
1%
18%
13%
2019 ($)
1%
65%
3%
Life Science (non-Cannabis) Technology (non-blockchain) Mining Diversified Real Estate
Cannabis Blockchain CleanTech Oil & Gas
13% 1%
1% 4% 3%
• Mining sector issuers raised $5.6 million or 13%, of the total amount,
2%
Life Science (non-Cannabis) Technology (non-blockchain) Mining Diversified Real Estate
2018 ($)
up from 4% in 2018. 77%
Cannabis Blockchain CleanTech Oil & Gas
CSE FINANCING ACTIVITIES - JANUARY 2019
BC based cannabis issuers lead in January
3% 17%
• BC headquartered cannabis issuers led with $18.2 million or 66% of total cannabis fundraising amount. US based cannabis issuers raised $6.3 million or 23%
BC IL OH WA
3% 5% 6%
ON NY NV KY
AB AZ FL WY
66%
of the total cannabis amount. • Though still small in scale, CSE cannabis issuers are expanding operations to following countries outside of Canada and USA including Israel, Serbia, Congo DR, Colombia. • CSE issuers with major cannabis operations outside of Canada and US raised $6.9 million in January, down from $40.5 million in 2018.
$ millions
2016
2017
2018
2019
Canada
205.6
703.0
1,335.2
21.2
USA
0.0
0.1
2,702.3
6.3
Israel
0.0
0.0
6.3
0.0
Total
205.6
703.2
4,043.8
27.5
QC CA MN Israel
MA CO RI
CSE FINANCING ACTIVITIES - JANUARY 2019
New listings and pending listings continue strong momentum • 11 new listings reported in January 2019. • 60 issuers were seeking for listing on CSE as of February 13, 2019.
Mechanism
Listed in January 2019
Pending as of February 13, 2019
Initial Public Offering (IPO)
2
17
TSX Venture Exchange
4
11
RTO/Non-offering
4
25
OTC Cross Listing
1
7
11
60
TOTAL
CSE FINANCING ACTIVITIES - JANUARY 2019
Other results January 2019 • Non-traditional types of fundraising, including exercises of warrant, option, over-allotment option, incentive warrant exercise, did not raise any money in January. • Exempt type of financing raised $38.9 million or 92% of the total amount. • Common equity type related financing raised $24.3 million or 57% of the total. Subscription receipt financing raised $5.2 million or 12% of the total. • Non-brokered type of deals led all financing with $24.4 million, accounting for 58% of the total amount. • Cannabis vertical issuers raised $27.1 million or 64% of the total. Blockchain vertical issuers raised $0.44 million or 1% of the total.
• Investors from 25 jurisdictions participated in CSE financings in January (see full list for details). • Investors from BC, Ontario, Alberta, Bahamas and UAE ranked as top five funding sources, collectively investing $20.5 million in CSE issuers, representing 48% of the total amount. • 15 dealers/brokers, corporate finance or other firms assisted CSE issuers in fundraising (see full list for details). • For full results of 2016-2019, please consult the attached analysis.
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
By Month January February March April May June July August September October November December Total
2016 # Deals $ Raised (K) 21 9,404 18 7,094 27 21,176 34 13,697 36 31,064 43 44,288 33 17,974 37 54,280 49 75,922 33 24,506 41 74,879 60 116,547 432 490,831
2017 # Deals $ Raised (K) 42 70,979 56 115,488 47 79,885 30 33,437 49 98,969 57 85,820 32 23,394 59 82,214 46 37,601 73 159,138 92 204,733 120 397,491 703 1,389,147
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
2018 # Deals $ Raised (K) 82 224,915 55 212,716 103 379,919 77 232,168 56 308,153 64 306,606 54 157,520 61 413,119 63 335,404 100 1,148,526 87 1,223,093 84 340,105 886 5,282,245
2019 # Deals $ Raised (K) 41 42,441
41
42,441
1 of 12
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
By Deal Type IPO Equity Financing (NFT) FT Financing Private Placement - RTO* Convertible Debt Financing Debt Financing Debt Settlement Total * includes non-offering financing
IPO Equity Financing (NFT) FT Financing Private Placement - RTO* Convertible Debt Financing Debt Financing Debt Settlement Total
2016 # Deals $ Raised (K) 4 2,423 327 336,250 12 2,413 0 0 35 114,741 15 14,252 39 20,752 432 490,831
2017 # Deals $ Raised (K) 10 10,634 518 993,339 15 11,066 23 93,236 63 135,513 15 119,062 59 26,297 703 1,389,147
2018 # Deals $ Raised (K) 28 209,867 568 1,804,063 14 11,545 120 2,703,016 61 254,100 23 267,473 72 32,180 886 5,282,245
2019 # Deals $ Raised (K) 2 3,462 21 19,908 4 1,810 1 100 5 15,258 1 170 7 1,733 41 42,441
January 2019 # Deals $ Raised (K) 2 3,462 21 19,908 4 1,810 1 100 5 15,258 1 170 7 1,733 41 42,441
December 2018 # Deals $ Raised (K) 2 2,638 43 149,638 4 1,571 17 60,662 8 22,094 4 101,930 6 1,572 84 340,105
2019 # Deals $ Raised (K) 2 3,462 21 19,908 4 1,810 1 100 5 15,258 1 170 7 1,733 41 42,441
2019 # Deals
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
$ Raised (K)
2 of 12
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
By CSE Sector Life Sciences - non Cannabis Cannabis - Life Sciences Technology - non Blockchain BlockchainCrypto - Technology Mining CleanTech Diversified Industries Oil & Gas Real Estate Total
2016 # Deals $ Raised (K) 37 18,307 69 205,594 93 85,099 5 1,638 135 100,148 20 8,124 57 47,893 14 23,038 2 990 432 490,831
2017 # Deals $ Raised (K) 38 49,797 160 703,158 136 181,133 27 66,525 196 207,647 49 29,423 72 124,038 22 26,721 3 705 703 1,389,147
2018 # Deals $ Raised (K) 45 53,858 276 4,043,770 121 110,387 42 139,314 223 218,532 26 30,502 133 662,804 9 7,785 11 15,292 886 5,282,245
Life Sciences - non Cannabis Cannabis - Life Sciences Technology - non Blockchain BlockchainCrypto - Technology Mining CleanTech Diversified Industries Oil & Gas Real Estate Total
January 2019 # Deals $ Raised (K) 2 264 15 27,534 5 1,063 1 442 11 5,569 1 25 5 7,429 1 115 0 0 41 42,441
December 2018 # Deals $ Raised (K) 1 205 30 286,494 8 6,773 3 1,428 27 17,490 4 2,429 10 22,165 0 0 1 3,121 84 340,105
2019 # Deals $ Raised (K) 2 264 15 27,534 5 1,063 1 442 11 5,569 1 25 5 7,429 1 115 0 0 41 42,441
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
2019 # Deals $ Raised (K) 2 264 15 27,534 5 1,063 1 442 11 5,569 1 25 5 7,429 1 115 0 0 41 42,441
3 of 12
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
By Location - HQ - Province, State, Country British Columbia Ontario Alberta Quebec Nova Scotia Manitoba New Brunswick Saskatchewan Massachusetts Illinois New York California Arizona Colorado Ohio Nevada Florida Minnesota Washington Rhode Island Texas Oregon Pennsylvania Idaho Kentucky Wyoming Israel All other foreign countries Total
2016 # Deals $ Raised (K) 261 261,051 125 183,655 4 10,537 22 22,383 0 0 8 5,889 2 345 3 3,280 0 0 0 0 0 0 5 3,017 0 0 1 415 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 259 432 490,831
2017 # Deals $ Raised (K) 463 720,507 166 578,898 15 11,492 40 50,313 1 175 11 6,359 3 2,051 0 0 0 0 0 0 0 0 0 0 0 0 1 145 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 9,207 0 0 0 0 0 0 0 0 1 10,000 703 1,389,147
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
2018 # Deals $ Raised (K) 539 1,360,935 198 933,433 22 128,221 34 64,647 2 3,240 9 1,742 1 108 0 0 5 688,357 6 434,656 1 415,971 11 466,066 1 288,091 17 155,466 4 100,683 6 97,836 3 65,484 2 16,186 10 17,517 2 20,350 3 8,012 1 1,950 1 518 2 161 0 0 1 4,836 2 6,293 3 1,486 886 5,282,245
2019 # Deals $ Raised (K) 18 28,370 14 5,522 1 1,262 3 980 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 696 0 0 2 4,725 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 886 0 0 0 0 0 0 41 42,441
4 of 12
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
By Location - Major Assets - Provinces, Countries, Regions Alberta British Columbia Manitoba New Brunswick Newfoundland Northwest Territories Nova Scotia Nunavut Ontario PEI Quebec Saskatchewan Yukon USA Mexico Africa Asia Europe Middle East South America & Caribbeans Total
2016 # Deals $ Raised (K) 4 4,309 185 167,381 6 5,636 2 345 2 1,067 1 82 0 0 1 1,123 96 147,710 0 0 25 22,642 9 7,470 1 400 66 77,653 6 1,352 10 14,967 5 9,128 5 18,995 5 9,661 3 910 432 490,831
2017 # Deals $ Raised (K) 19 35,235 327 519,672 12 6,531 0 0 2 474 0 0 1 404 3 3,691 125 368,636 0 0 45 53,063 7 7,562 4 2,553 109 320,662 5 3,292 7 6,935 6 11,491 6 10,307 8 16,283 17 22,356 703 1,389,147
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
2018 # Deals $ Raised (K) 23 160,489 366 856,276 10 1,511 0 0 2 3,240 2 1,800 6 3,413 1 3,227 124 729,379 0 0 47 76,948 4 2,794 4 2,117 239 3,337,825 5 3,625 9 12,906 6 4,955 8 22,063 3 6,693 27 52,984 886 5,282,245
2019 # Deals $ Raised (K) 1 1,262 13 8,459 0 0 0 0 0 0 0 0 0 0 0 0 8 2,246 0 0 4 1,595 0 0 0 0 11 19,878 0 0 0 0 0 0 0 0 2 6,924 2 2,077 41 42,441
5 of 12
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
Cannabis - Life Sciences, By Province, State, Country British Columbia Ontario Alberta Quebec Massachusetts Illinois New York Arizona California Colorado Ohio Nevada Florida Minnesota Rhode Island Washington Kentucky Wyoming Israel Total
2016 # Deals $ Raised (K) 45 97,083 24 108,511 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 69 205,594
2017 # Deals $ Raised (K) 124 329,823 34 371,107 1 2,083 0 0 0 0 0 0 0 0 0 0 0 0 1 145 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 160 703,158
2018 # Deals $ Raised (K) 152 698,688 65 626,968 2 7,257 1 2,310 4 686,687 6 434,656 1 415,971 1 288,091 8 440,716 15 153,430 4 100,683 5 67,836 2 62,363 2 16,186 2 20,350 3 10,449 0 0 1 4,836 2 6,293 276 4,043,770
2019 # Deals $ Raised (K) 8 18,241 1 1,724 1 1,262 0 0 0 0 0 0 0 0 0 0 1 696 2 4,725 0 0 0 0 0 0 0 0 0 0 0 0 2 886 0 0 0 0 15 27,534
Canada USA Israel Total
2016 # Deals $ Raised (K) 69 205,594 0 0 0 0 69 205,594
2017 # Deals $ Raised (K) 159 703,013 1 145 0 0 160 703,158
2018 # Deals $ Raised (K) 220 1,335,223 54 2,702,254 2 6,293 276 4,043,770
2019 # Deals $ Raised (K) 10 21,227 5 6,307 0 0 15 27,534
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
6 of 12
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
Cannabis - Life Sciences, By Major Assets - Province, State, Country British Columbia Ontario Alberta Quebec Massachusetts Illinois New York New Jersey Arizona California Colorado Ohio Nevada Florida Minnesota Rhode Island Washington Kentucky Oregon Wyoming Serbia Israel Congo DR Colombia Total
2016 # Deals $ Raised (K) 42 74,257 23 96,511 0 0 0 0 0 0 0 0 2 21,526 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1,300 0 0 1 12,000 0 0 0 0 0 0 0 0 0 0 69 205,594
2017 # Deals $ Raised (K) 107 264,669 24 227,747 2 2,363 5 8,351 0 0 0 0 3 40,308 0 0 4 76,024 0 0 2 6,051 0 0 6 12,854 0 0 0 0 0 0 3 2,510 0 0 3 59,781 0 0 1 2,500 0 0 0 0 0 0 160 703,158
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
2018 # Deals $ Raised (K) 113 478,275 41 479,733 5 39,130 9 14,771 3 166,603 8 436,021 3 450,926 1 520,084 4 347,055 15 465,410 15 153,430 4 100,683 21 163,105 2 62,363 2 16,186 2 20,350 8 18,751 0 0 9 70,431 0 0 4 14,019 3 6,693 2 7,079 2 12,672 276 4,043,770
2019 # Deals $ Raised (K) 5 2,181 0 0 1 1,262 0 0 0 0 0 0 0 0 0 0 0 0 1 696 2 4,725 0 0 1 1,035 0 0 0 0 0 0 0 0 2 886 1 9,825 0 0 0 0 2 6,924 0 0 0 0 15 27,534
7 of 12
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
Cannabis - Life Sciences, By Major Assets - Province, State, Country Canada USA Serbia Israel Congo DR Colombia Total
2016 # Deals $ Raised (K) 65 170,768 4 34,826 0 0 0 0 0 0 0 0 69 205,594
2017 # Deals $ Raised (K) 138 503,130 21 197,528 1 2,500 0 0 0 0 0 0 160 703,158
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
2018 # Deals $ Raised (K) 168 1,011,909 97 2,991,398 4 14,019 3 6,693 2 7,079 2 12,672 276 4,043,770
2019 # Deals $ Raised (K) 6 3,443 7 17,167 0 0 2 6,924 0 0 0 0 15 27,534
8 of 12
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
By Deal Classification Non-Brokered Brokered Prospectus Offering Rights Offering Total
2016 # Deals $ Raised (K) 407 340,837 20 145,760 4 2,423 1 1,811 432 490,831
2017 # Deals $ Raised (K) 651 916,332 33 428,892 15 32,188 4 11,735 703 1,389,147
2018 # Deals $ Raised (K) 774 2,083,348 61 2,427,030 50 768,996 1 2,871 886 5,282,245
2019 # Deals $ Raised (K) 36 24,429 3 14,550 2 3,462 0 0 41 42,441
2017 # Deals $ Raised (K) 36 53,662 0 0 1 8,274 21 13,012 645 1,314,199 703 1,389,147
2018 # Deals $ Raised (K) 52 62,209 2 9,762 3 5,728 30 15,530 799 5,189,016 886 5,282,245
2019 # Deals $ Raised (K) 0 0 0 0 0 0 0 0 41 42,441 41 42,441
2018 # Deals $ Raised (K) 610 3,537,908 139 1,187,898 137 556,439 886 5,282,245
2019 # Deals $ Raised (K) 29 36,420 9 2,511 3 3,510 41 42,441
By Warrant and Option Exercise Warrant Over Allotment* Incentive Option N/A Total
2016 # Deals $ Raised (K) 13 8,610 0 0 0 0 4 398 415 481,823 432 490,831
*does not include over-allotment exercise at the time of the closing of the financing
By Exempt Type* Exempt with breakdown Exempt with no breakdown Non Exempt Total
2016 # Deals $ Raised (K) 289 364,583 95 88,511 48 37,737 432 490,831
2017 # Deals $ Raised (K) 461 897,703 148 292,157 94 199,287 703 1,389,147
*numbers subject to change as information becomes avaiable
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
9 of 12
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
By Security Type Common shares Common shares/notes Common units Common units/FT shares FT units Subscription Receipt Convertible Debt Prom. Note/Loan Total
Select Verticals 2019 # Deals $ Raised (K) 10 4,262 1 144 20 18,667 1 640 2 540 1 5,200
5 1 41
12,818 170 42,441
By To 10 Geo-Funding Sources British Columbia Ontario Alberta Bahamas United Arab Emirates Austria Cayman Islands Quebec Germany Belgium
2019 # Deals* $ Invested (K) 22 9,306 21 8,971 10 1,486 1 400 2 300 1 296 2 218 6 188 3 162 3 143
*deal participated, not to add up Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
Cannabis GoldSilver Investment TechMetals BlockchainCrypto Biotech
CleanTech
2019 # Deals $ Raised (K) 17 27,073 6 3,556 3 2,854 2 1,056 1 442 1 100
1
25
Funding Source - Provinces and Territories BC ON AB QC NB SK MB NS NL YK NT PEI
2019 # Deals* $ Invested (K) 22 9,306 21 8,971 10 1,486 6 188 1 4 3 64 1 100 0 0 0 0 0 0 0 0 0 0 10 of 12
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
Top 5 Brokers/Dealers/Finders - 2019 Underwriter # Deals $Total Deal (K)* Canaccord Genuity Corp. 2 4,725 PI Financial Corp. 1 1,597 Mackie Research Capital Corporation 0 0 Chippingham Financial Group Limited 0 0 Raymond James Ltd. 0 0
Finder # Deals$ Total Deal (K) 2 6,924 2 6,924 3 7,364 1 5,200 1 5,200
Total # Deals$ Total Deal (K) 4 11,649 3 8,521 3 7,364 1 5,200 1 5,200
* sum of the value of all deals involved - not to be summed up. (Each of the participating dealer/finder is credited with the same deal value)
New Listings: January 2019 Company Name Asia Cannabis Corp. Transcanna Holdings Inc. SLANG Worldwide Inc. Etruscus Resources Corp. Abacus Health Products Inc.
Symbol
Mechanism
CSE: ASIA CSE: TCAN CSE: SLNG CSE: ETR CSE: ABCS
IPO IPO Non-offering Non-offering RTO
Cannara Biotech Inc.
CSE: LOVE
RTO
3 Sixty Risk Solutions Ltd.
CSE: SAFE
TSX-V
EarthRenew Inc. EXMceuticals Inc. Organic Flower Investments Group Inc. CLS Holdings USA Inc.
CSE: ERTH CSE: EXM CSE: SOW
TSX-V TSX-V TSX-V
CSE: CLSH.U
OTC
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
Other Listing
11 of 12
The Canadian Securities Exchange (CSE) Financing Activity 2016 - 2019
New Issuers by Sector Category Cannabis Mining Technology* Diversified and other Total
2016 4 10 15 7 36
2017 14 30 19 3 66
2018 55 37 24 7 123
2019 7 1 1 2 11
2016 1 2 33 36
2017 10 8 48 66
2018 38 28 57 123
2019 4 2 5 11
*Technology, Life Sciences, Cleanteach
New Issuers by Listing Type Category TSX-V IPO RTO/Non-offering/Other Total
Methodology Included: exercises of warrant, option and over-allotment option, and debt settlement US $ denominated deal: converted into Canadian $ at prevailing exchange rate at time of closing Equity vs FT: classified according the largest amount raised by either FT or NFT, in case of financing involving both FT and NFT offering Updating: numbers are subject to change as the database is being continuously updated
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
12 of 12
The Canadian Securities Exchange (CSE) Financing Activity Full List of Geo Funding Sources British Columbia Ontario Alberta Bahamas United Arab Emirates (UAE) Austria Cayman Islands Quebec Germany Belgium Switzerland Manitoba Dominica Ireland Netherlands Saskatchewan Singapore Australia Paraguay China Thailand Ghana Malta Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
2019 # Deals* 22 21 10 1 2 1 2 6 3 3 3 1 1 1 1 3 2 3 1 2 1 1 1
$ Invested (K)
9,306 8,971 1,486 400 300 296 218 188 162 143 140 100 75 75 70 64 54 50 50 43 35 20 7 1 of 2
The Canadian Securities Exchange (CSE) Financing Activity Full List of Geo Funding Sources New Zealand New Brunswick
2019 # Deals* 1 1
$ Invested (K)
5 4
* sum of number of deals involved - not to be summed up Example: if one deal involves 10 jurisdications - each of the 10 jurisdications will be allocated one deal
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
2 of 2
The Canadian Securities Exchange (CSE) Financing Activity Brokers/Dealers - 2019 Canaccord Genuity Corp. PI Financial Corp. Mackie Research Capital Corporation Chippingham Financial Group Limited Raymond James Ltd. Gravitas Securities Inc. Tri View Capital Ltd. Haywood Securities Inc. Hampton Securities Limited 2242257 Ontario Inc. INFOR Financial Inc. Richardson GMP Limited Emerging Equities Inc. Accilent Capital Management Inc. Red Cloud Klondike Strike Inc.
Type Investment Dealer Investment Dealer Investment Dealer Investment Dealer Investment Dealer Investment Dealer EMD Investment Dealer Investment Dealer Other Investment Dealer Investment Dealer Other EMD EMD
Underwriter Finder Total # Deals $ (K)* # Deals $ (K)* # Deals 2 1 0 0 0 1 0 0 0 1 1 1 1 0 0
4,725 1,597 0 0 0 3,128 0 0 0 1,597 1,597 1,597 1,262 0 0
2 2 3 1 1 1 1 1 1 0 0 0 0 1 1
6,924 6,924 7,364 5,200 5,200 440 2,375 2,200 1,724 0 0 0 0 440 426
4 3 3 1 1 2 1 1 1 1 1 1 1 1 1
$ (K)*
11,649 8,521 7,364 5,200 5,200 3,568 2,375 2,200 1,724 1,597 1,597 1,597 1,262 440 426
* sum of the total deal value involved - not to be summed up Example - if 10 brokers/finders pariticpated in a $100 million deal, each broker/finder will be credited wth $100 million in deal value.
Prepared by CPE Media Inc. for The Canadian Securities Exchange (CSE)
1 of 1