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

overview

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.). 
  • Acted for iAnthus Capital Holdings, Inc. as lead counsel 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

Canadian Securities Exchange Stockpools
Securities Law: CLEBC Advances Securities – 2017 Update
Cannabis Legalization in Canada: Social, Legal and Political Hurdles

Publications

B.C.'s Budding Industry:
Provincial Government Announces New Key Policy Decisions on Cannabis
Strong Roots in Stormy Weather: Federal Government Affirms Commitment to Legalize Cannabis by July 2018 in Light of Premier Uncertainty
Compliant at this Time: Canada's Options Regarding its Treaty Obligations and the Legalization and Regulation of Non-Medical Cannabis
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 Explains Five Things You Need to Know About Legal ‘Edibles' for 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

  • Called to the British Columbia bar - 2005

Practices

capital markets
business law
mergers and acquisitions
corporate finance
corporate governance
going private
public disclosures
takeover bids

Industries

food, beverage and agribusiness
mining
energy
medical marijuana
private equity - buyouts & venture capital investment

Directorships and Professional Associations

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

Media Mentions

linked in vcard
* Law Corporation

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.). 
  • Acted for iAnthus Capital Holdings, Inc. as lead counsel 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).
August 2013
CSA Conducts Review of Proxy Voting Infrastructure
Securities Bulletin
August 2013
McMillan releases 2013 Canadian advance notice provisions study
Public Markets M&A bulletin
January 12, 2018
Canadian Cannabis in the Global Context
Panelist, Lift Cannabis Expo, Vancouver, British Columbia
May 2017
Canadian Securities Exchange Stockpools
Presenter, Cannabis Investment Challenge, Vancouver, British Columbia
April 2017
Securities Law: CLEBC Advances Securities – 2017 Update
Co-presenter, Acting for Companies in Unusual Industries: A Marijuana Sampler, Vancouver, British Columbia
January 2017
Cannabis Legalization in Canada: Social, Legal and Political Hurdles
Canaccord Genuity's Cannabis Investor Day, Vancouver, British Columbia