Canaccord Genuity Group Inc. has completed its non-brokered private placement of convertible unsecured senior subordinated debentures to two institutional investors for gross proceeds of $110,000,000.

The convertible debentures bear interest at a rate of 7.75 percent per annum, payable semi-annually on the last day of June and December each year commencing June 30, 2024. The convertible debentures are convertible at the holder's option into common shares of the company, at a conversion price of $9.68 per common share. The convertible debentures mature on March 15, 2029, and may be redeemed by the company in certain circumstances, on or after March 15, 2027.

Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets.