06:01:35 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Canaccord Genuity Group Inc
Symbol CF
Shares Issued 113,511,468
Close 2017-11-20 C$ 4.48
Market Cap C$ 508,531,377
Recent Sedar Documents

Globe says BuildDirect set to hire Canaccord as adviser

2017-11-21 06:34 ET - In the News

The Globe and Mail reports in its Tuesday, Nov. 21, edition that fallen Vancouver tech star BuildDirect.com Technologies is set to hire Canaccord Genuity Group as its financial adviser to facilitate a potential sale of the company, now under creditor protection. The Globe's Sean Silcoff writes that in an application filed with the British Columbia Supreme Court on Friday, the 18-year-old e-commerce company, which had set out to become the Amazon of heavy-duty home-improvement supplies, said it had negotiated an engagement letter with the investment bank to "assist the company to implement and carry out" a process that could either see it sold whole or in parts, or raise investment capital. BuildDirect had previously raised more than $100-million from such investors as OMERS Ventures, BDC Capital and Silicon Valley's Mohr Davidow Partners, but filed for creditor protection after failing to complete an anticipated significant equity financing last month. The court will be asked on Tuesday to approve Canaccord Genuity's hiring, which will start a process that would give prospective bidders until Dec. 15 to submit an expression of interest.

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