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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
Careers in Cannabis Law Forum
Business in Vancouver, Business Excellence Series
2019 Pipestone Conference for Senior Securities Lawyers
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 - Cannabis Investment Challenge
Securities Law: CLEBC Advanced Securities – 2017 Update
Cannabis Legalization in Canada: Social, Legal and Political Hurdles
Publications
La prochaine étape du cannabis au Canada : à quoi on peut s'attendre en 2019 et par la suite
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
Des avocat.e.s de McMillan obtiennent 37 classements dans 13 catégories dans l'édition 2021 du guide The Legal 500 pour le Canada
Des avocat.e.s de McMillan obtiennent 37 classements dans 13 catégories dans l'édition 2021 du guide The Legal 500 pour le Canada
22 avocats de McMillan figurent au répertoire The Legal 500 – Canada de 2020
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
James Munro déclare à The Lawyer's Daily que les Autorités canadiennes en valeurs mobilières fournissent des conseils empreints de bon sens en matière de communication de l'information aux émetteurs menant des activités liées au cannabis aux États-Unis
James Munro déclare au magazine The Lawyer's Daily que la Colombie Britannique doit mettre les bouchées doubles en ce qui concerne la légalisation du cannabis
Financial Post: James Munro, avocat spécialiste du secteur de la marijuana, commente l'examen par les autorités de réglementation des restrictions de la CDS en matière de règlement
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
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
Awards & Rankings
- Listed in the Legal500 Canada 2020 as a "Recommended Lawyer" - Cannabis.
Media Mentions
- "Restructurings rise, IPOs stall as pot sector matures", by Glen Korstrom, Business in Vancouver, December 17, 2019
- "Pot is becoming an earner for once reluctant Toronto law firms", by Kristine Owram, BNN Bloomberg, November 21, 2018
- "Queen's Law Reports 2018 (page 28)", Queen's University, 2018
- "Doing business in U.S. marijuana market a risky venture for Canadian firms: experts", by Ian Burns, The Lawyer's Daily, October 23, 2017
- "TMX clearing shift would undermine system, Canada pot firm says", by Jen Skerritt, Financial Post, August 23, 2017
- "McMillan study documents rapid growth of anti-ambush proxy battle rules", by Drew Hasselback, Financial Post, September 26, 2013