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Feb 17, 2021

On February 4, 2021, BGP Acquisition Corp. completed its initial public offering of 11,500,000 class A restricted voting units (“Class A Restricted Voting Units”) (including 1,500,000 Class A Restricted Voting Units issued pursuant to the exercise in full of the over-allotment option) at an offering price of US$10.00 per Class A Restricted Voting Unit, for gross proceeds of US$115,000,000. The Class A Restricted Voting Units commenced trading on the NEO Exchange under the symbol “BGP.UN”.

BGP Acquisition Corp. is a special purpose acquisition corporation incorporated under the laws of the Province of British Columbia for the purpose of effecting, directly or indirectly, an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination within a specified period of time (a “Qualifying Transaction”). BGP Acquisition Corp. intends to focus its search for target businesses that are involved in cannabis and/or related sectors; however, it is not limited to a particular industry or geographic region for purposes of completing its Qualifying Transaction. The acquisition target is expected to be an operating business with an enterprise value greater than US$250 million.

McMillan LLP acted as Canadian counsel to BGP Acquisition Corp. with a team led by James Munro (Capital Markets & Securities) and included John Alsbergas, Barbara Collins, Paul Collins, Paul Barbeau, Valenteena Samra, Vanessa Yee (Capital Markets & Securities) and Andrew Stirling (Tax).