Farmers Edge’s C$125 Million Initial Public Offering

McCarthy Tétrault advised Farmers Edge on the operation.

On March 3, 2021, Farmers Edge completed an initial public offering of commons shares on the TSX valued at C$17 per share, raising C$125 million in total. The syndicate of investment banks underwriting the offering was led by National Bank of Canada and Canadian Imperial Bank of Commerce. Farmers Edge has stated that it intends to use proceeds towards expanding its business internally, repaying debt, and working capital.

Farmers Edge, based in Winnipeg, is a leading digital agriculture company that delivers solutions powered by a combination of field-centric data, artificial intelligence, and complete integration.

The McCarthy Tétrault team was led by Deandra Schubert (Picture) and Jeremy Pleasant, and included Glynnis Morgan, Niki Gill, and Haiya Peng  (Business), Stefanie Morand, Douglas Cannon, and Jeremy Ho (Tax), and Deron Waldock (Pensions & Benefits).

 

Involved fees earner: Douglas Cannon – McCarthy Tétrault; Niki Gill – McCarthy Tétrault; Jeremy Ho – McCarthy Tétrault; Stefanie Morand – McCarthy Tétrault; Glynnis Morgan – McCarthy Tétrault; Haiya Peng – McCarthy Tétrault; Jeremy Pleasant – McCarthy Tétrault; Deandra Schubert – McCarthy Tétrault; Deron Waldock – McCarthy Tétrault;

Law Firms: McCarthy Tétrault;

Clients: Farmers Edge;

Author: Martina Bellini