James Munro 

James Munro

Vancouver
Royal Centre, Suite 1500
1055 West Georgia Street, PO Box 11117
Vancouver, British Columbia V6E 4N7

t: 604.691.7491
e: james.munro@mcmillan.ca

aperçu

James Munro is a partner in the firm's Capital Markets group in Vancouver. His practice focuses on securities, corporate finance, cannabis law and mining law.

As part of his securities and corporate finance practice, James advises private and public clients in a range of industries in connection with venture capital financings, initial public offerings, private placements, public equity and debt financings, mergers and acquisitions, stock exchange listings, corporate governance, securities regulatory matters, contested shareholder meetings and proxy contests, and general corporate and securities law matters.

As part of his medical cannabis practice, James advises both Canadian private and public clients with respect to a broad range of licensing, transaction, and corporate compliance matters.  James co-founded the firm’s Cannabis Practice Group in 2016.

As part of his mining law practice, James advises private and public clients with respect to property option agreements, joint venture agreements, earn-in and farm-out agreements, royalty agreements, strategic alliances, asset purchase and sale transactions, surface right matters, and technical disclosure.

James was seconded to Cravath, Swaine & Moore LLP in New York as a Foreign Associate from September 2005 to September 2006.

Representative Matters

  • Acted for Harvest One Cannabis Inc. in its acquisition of ACMPR Licensed Medical Cannabis Producer and Swiss Medical Cannabis-Based Health Products company. The transaction was valued at approximately $50 million (inclusive of acquisition cost and retirement of debt).
  • Acted for iAnthus Capital Holdings, Inc. as lead counsel in connection with a $20 million bought deal private placement of 8% unsecured convertible dibentures.
  • Acted for Bit Stew Systems Inc. in connection with the acquisition of Bit Stew by GE Digital, via a plan of arrangement. The transaction was valued at $153-million (U.S.).
  • Lead counsel for iAnthus Capital Holdings, Inc. in connection with a $20 million bought deal and concurrent $1.5 million non-brokered private placement. The financing was the first bought deal offering to be completed on the Canadian Securities Exchange.
  • Acted for iAnthus Capital Management, LLC in the completion of its reverse merger with Genarca Holdings Ltd. Concurrent with the closing, the Company changed its name from Genarca Holdings Ltd. to iAnthus Capital Holdings, Inc. and had 16,900,000 total shares outstanding. In connection with the listing iAnthus raised $6,706,000.
  • Acted for Sanatana Resources Inc. in a decision that awarded significant costs to Sanatana by the Ontario Mining and Lands Commissioner.
  • Acted for a Toronto Stock Exchange listed issuer in connection with a US$170 million senior subordinated note offering.
  • Acted for a Toronto Stock Exchange listed issuer in connection with its merger, through a plan of arrangement, with another Toronto Stock Exchange issuer (transaction value $27 million).
  • Acted for a TSX Venture Exchange listed issuer in connection with the acquisition of gas lease blocks in the Gulf of New Mexico and associated development funding (transaction value $60 million). 
  • Acted for a TSX Venture Exchange issuer in connection with a $30 million private placement financing.
  • Acted for a TSX Venture Exchange issuer in connection with the acquisition of a producing gold and silver mine located in Mexico (transaction value US$26 million).
  • Acted for a TSX Venture Exchange issuer in connection with a base metals streaming agreement (transaction value $8.5 million).
  • Acted for a TSX Venture Exchange Capital Pool Company in connection with its Qualifying Transaction and related private placement financing (transaction value $6.5 million).

Presentations

Discover the Global Opportunities in the Hemp
First Mover Advantage: The Legalization of Adult Use Cannabis in Canada
Cannabusiness, A Case Study on Starting Up in an Emerging Industry
Cannabis in the Capital Markets
Budding New Law: The Cannabis Potential
Canadian Securities Exchange Stockpools
Securities Law: CLEBC Advanced Securities – 2017 Update
Cannabis Legalization in Canada: Social, Legal and Political Hurdles

Publications

The Next Phase of Canadian Cannabis: What to Expect in 2019 and Beyond
B.C. behind the curve on retailing recreational cannabis on eve of legalization
James Munro commente les possibilités découlant de la légalisation et la réglementation de la marijuana, qui ne se présentent pour les avocats « qu'une ou deux fois par génération »
James Munro commente les possibilités découlant de la légalisation et la réglementation de la marijuana, qui ne se présentent pour les avocats « qu'une ou deux fois par génération »
Legalizing and Regulating Marijuana
B.C. Government Unveils Trio of Cannabis Bills for Provincial Cannabis Regulation
B.C.'s Budding Industry:
Provincial Government Announces New Key Policy Decisions on Cannabis
Des indications utiles et empreintes de bons sens : les ACVM confirment les règles de communication d'information à l'intention des émetteurs exerçant aux États-Unis des activités liées à la marijuana
Gardant le cap dans la tempête, le gouvernement fédéral réitère son engagement de légaliser le cannabis d'ici juillet 2018
En conformité pour le moment ‒ les options dont dispose le Canada concernant ses obligations aux termes de traités et légalisation et réglementation du cannabis non médical
Prohibition to Go Up in Smoke: Government of Canada Introduces Legislation to Legalize and Regulate Non-Medical Access to Cannabis
Task Force Releases Report on Cannabis Legalization in Canada
Venture Issuers are Reminded to Consider Recent Regulatory Developments
Ontario Court Rules in Favour of Dissident in Interpreting Provision in Advance Notice Policy—Would Consideration of US Jurisprudence Have Changed the Result?
CSA Conducts Review of Proxy Voting Infrastructure
McMillan releases 2013 Canadian advance notice provisions study
Advance Notice Provisions: From 0 to 500+ in 20 Months; 2013 Canadian Advance Notice Provisions Study
Finders be Aware - BCSC Proposes to Revoke Trade-Based Exemption
Advance Notice By-Laws, Part II – the Mundoro Capital Decision

News

James Munro to Participate in Expert Panel Discussion, "Cannabis, One Year On"
James Munro, en entrevue avec Canadian Lawyer, fait des commentaires sur la légalisation du cannabis et l'état de préparation des autorités chargées de l'application de la loi
James Munro souligne le danger lié à l'approbation d'un trop grand nombre de détaillants à l'approche de la légalisation du cannabis
James Munro souligne le danger lié à l'approbation d'un trop grand nombre de détaillants à l'approche de la légalisation du cannabis
James Munro says "the legalization of cannabis is bigger than the end of Prohibition" in Lexpert's June Issue
EN MANCHETTE James Munro explique cinq choses que vous devez savoir au sujet des produits comestibles au cannabis à The Lawyer's Daily
McMillan lawyers start firm's Medical Marijuana Industry Group

Education

  • Queen's University, LLB - 2004
  • University of British Columbia, BA - 2000

Year Of Call

  • Barreau de la Colombie-Britannique - 2005

Practices

marchés des capitaux
droit des affaires
fusions et acquisitions
financement des entreprises
gouvernance d'entreprise
opérations de fermeture de capital
communication d'information au public
offres publiques d'achat

Industries

exploitation minière
secteur des aliments et boissons et agroentreprise
énergie
capital d'investissement et capital de risque
marijuana médicale

Directorships and Professional Associations

  • Vancouver Bar Association
  • Canadian Bar Association
  • Rocky Mountain Mineral Law Foundation

Media Mentions

James Munro is a partner in the firm's Capital Markets group in Vancouver. His practice focuses on securities, corporate finance, cannabis law and mining law.

As part of his securities and corporate finance practice, James advises private and public clients in a range of industries in connection with venture capital financings, initial public offerings, private placements, public equity and debt financings, mergers and acquisitions, stock exchange listings, corporate governance, securities regulatory matters, contested shareholder meetings and proxy contests, and general corporate and securities law matters.

As part of his medical cannabis practice, James advises both Canadian private and public clients with respect to a broad range of licensing, transaction, and corporate compliance matters.  James co-founded the firm’s Cannabis Practice Group in 2016.

As part of his mining law practice, James advises private and public clients with respect to property option agreements, joint venture agreements, earn-in and farm-out agreements, royalty agreements, strategic alliances, asset purchase and sale transactions, surface right matters, and technical disclosure.

James was seconded to Cravath, Swaine & Moore LLP in New York as a Foreign Associate from September 2005 to September 2006.

  • Acted for Harvest One Cannabis Inc. in its acquisition of ACMPR Licensed Medical Cannabis Producer and Swiss Medical Cannabis-Based Health Products company. The transaction was valued at approximately $50 million (inclusive of acquisition cost and retirement of debt).
  • Acted for iAnthus Capital Holdings, Inc. as lead counsel in connection with a $20 million bought deal private placement of 8% unsecured convertible dibentures.
  • Acted for Bit Stew Systems Inc. in connection with the acquisition of Bit Stew by GE Digital, via a plan of arrangement. The transaction was valued at $153-million (U.S.).
  • Lead counsel for iAnthus Capital Holdings, Inc. in connection with a $20 million bought deal and concurrent $1.5 million non-brokered private placement. The financing was the first bought deal offering to be completed on the Canadian Securities Exchange.
  • Acted for iAnthus Capital Management, LLC in the completion of its reverse merger with Genarca Holdings Ltd. Concurrent with the closing, the Company changed its name from Genarca Holdings Ltd. to iAnthus Capital Holdings, Inc. and had 16,900,000 total shares outstanding. In connection with the listing iAnthus raised $6,706,000.
  • Acted for Sanatana Resources Inc. in a decision that awarded significant costs to Sanatana by the Ontario Mining and Lands Commissioner.
  • Acted for a Toronto Stock Exchange listed issuer in connection with a US$170 million senior subordinated note offering.
  • Acted for a Toronto Stock Exchange listed issuer in connection with its merger, through a plan of arrangement, with another Toronto Stock Exchange issuer (transaction value $27 million).
  • Acted for a TSX Venture Exchange listed issuer in connection with the acquisition of gas lease blocks in the Gulf of New Mexico and associated development funding (transaction value $60 million). 
  • Acted for a TSX Venture Exchange issuer in connection with a $30 million private placement financing.
  • Acted for a TSX Venture Exchange issuer in connection with the acquisition of a producing gold and silver mine located in Mexico (transaction value US$26 million).
  • Acted for a TSX Venture Exchange issuer in connection with a base metals streaming agreement (transaction value $8.5 million).
  • Acted for a TSX Venture Exchange Capital Pool Company in connection with its Qualifying Transaction and related private placement financing (transaction value $6.5 million).
Juin 2019
Cannabis Law
(seulement disponible en anglais)

Queen's Law Reports

Juin 2019
The Next Phase of Canadian Cannabis: What to Expect in 2019 and Beyond(seulement disponible en anglais)

Business Law Bulletin

Juin 2018
Legalizing and Regulating Marijuana (seulement disponible en anglais)

Queen's Law Reports 2018 page 28

Mai 2018
B.C. Government Unveils Trio of Cannabis Bills for Provincial Cannabis Regulation(seulement disponible en anglais)

Business Law Bulletin

Février 2018
B.C.'s Budding Industry:
Provincial Government Announces New Key Policy Decisions on Cannabis
(seulement disponible en anglais)

Business Law Bulletin

Décembre 2016
Task Force Releases Report on Cannabis Legalization in Canada(seulement disponible en anglais)

Business Law Bulletin

Mai 2016
Venture Issuers are Reminded to Consider Recent Regulatory Developments(seulement disponible en anglais)
Securities Bulletin
Août 2013
CSA Conducts Review of Proxy Voting Infrastructure(seulement disponible en anglais)
Securities Bulletin
Août 2013
Canadian Advance Notice Provisions Study(seulement disponible en anglais)
McMillan LLP
Août 2013
McMillan releases 2013 Canadian advance notice provisions study(seulement disponible en anglais)
Public Markets M&A bulletin
Juillet 2013
Advance Notice Provisions: From 0 to 500+ in 20 Months; 2013 Canadian Advance Notice Provisions Study(seulement disponible en anglais)
Securities Bulletin
Février 2013
Finders be Aware - BCSC Proposes to Revoke Trade-Based Exemption(seulement disponible en anglais)
Securities Bulletin
Juillet 2012
Advance Notice By-Laws, Part II – the Mundoro Capital Decision(seulement disponible en anglais)
Securities Bulletin
Mai 2019
Discover the Global Opportunities in the Hemp
(seulement disponible en anglais)
Panelist, Hemp Luncheon by McMillan LLP and CanCham HK, Admiralty, Hong Kong
11 Janvier 2019
Business Growth Strategies: Collaborations, Partnerships & M&As
(seulement disponible en anglais)
Lift & Co. Cannabis Expo, Vancouver, British Columbia
30 Octobre 2018
First Mover Advantage: The Legalization of Adult Use Cannabis in Canada
(seulement disponible en anglais)
Co-Host of the McMillan LLP Cannabis Conference, Toronto
Septembre 2018
Cannabusiness, A Case Study on Starting Up in an Emerging Industry
(seulement disponible en anglais)
Panelist, Vancouver Startup Week, Vancouver, British Columbia
Juin 2018
Cannabis in the Capital Markets
(seulement disponible en anglais)
Speaker, International Cannabis Business Conference, Vancouver, British Columbia
Mai 2018
Budding New Law: The Cannabis Potential(seulement disponible en anglais)
12 Janvier 2018
Canadian Cannabis in the Global Context
(seulement disponible en anglais)
Panelist, Lift Cannabis Expo, Vancouver, British Columbia
Mai 2017
Canadian Securities Exchange Stockpools
(seulement disponible en anglais)
Presenter, Cannabis Investment Challenge, Vancouver, British Columbia
Avril 2017
Securities Law: CLEBC Advanced Securities – 2017 Update
(seulement disponible en anglais)
Co-presenter, Acting for Companies in Unusual Industries: A Marijuana Sampler, Vancouver, British Columbia
Janvier 2017
Cannabis Legalization in Canada: Social, Legal and Political Hurdles(seulement disponible en anglais)
Canaccord Genuity's Cannabis Investor Day, Vancouver, British Columbia