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Derek Sigel

Derek Sigel

Partner
Co-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.‎

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 in Canada (Corporate Law), 2021-2024; (Securities Law), 2021-2024
  • Canadian Legal Lexpert® Directory (Corporate Mid-Market), 2020-2021, 2023; (Mining), 2021, 2023; (Corporate Commercial) 2023
  • Canadian Legal Lexpert® Directory, Technology and Health Sciences Special Edition, 2023
  • Canadian Legal Lexpert® Directory, Mining Special Edition, 2023
  • 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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