Canaccord Genuity Growth Corp. Announces Upsize of Previously Announced Private Placement

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN
THE UNITED STATES/

TORONTO, Oct. 18, 2018 /CNW/ - Canaccord Genuity Growth Corp. ("CGGC") (NEO: CGGC.UN) is pleased to announce that it has increased the size of its previously announced institutional private placement (the "Private Placement") to aggregate gross proceeds of US$85,100,000 of Class B shares of CGGC at a price of US$2.30 (equivalent to approximately CDN$3.00) per share issuable immediately prior to, and conditional on, completion of the previously announced proposed business combination between CGGC and Columbia Care LLC.  The Private Placement will be undertaken by way of a subscription receipt offering and remains subject to the approval of Aequitas NEO Exchange Inc. (the "NEO Exchange").

This press release is not an offer of securities for sale in the United States, and the securities may not be offered or sold in the United States absent registration or an exemption from registration. The securities have not been and will not be registered under the United States Securities Act of 1933.

About Canaccord Genuity Growth Corp.
Canaccord Genuity Growth Corp. is a newly organized special purpose acquisition corporation incorporated under the laws of the Province of Ontario for the purpose of effecting a qualifying transaction on the NEO Exchange within a specified period of time.

Forward-Looking Statements

This press release may contain forward‐looking information within the meaning of applicable securities legislation, which reflects CGGC's current expectations regarding future events including the Private Placement and proposed business combination. Forward‐looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond CGGC's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking information. Such risks and uncertainties include, but are not limited to, failure to successfully negotiate the terms of the proposed transaction and enter into definitive documentation in respect thereof, failure to complete the business combination or the Private Placement, inability to obtain requisite regulatory and shareholder approvals, changes in general economic, business and political conditions, changes in applicable laws, compliance with extensive government regulation, as well as the factors discussed under "Risk Factors" in the final prospectus of CGGC dated September 13, 2018, a copy of which is available on SEDAR at www.sedar.com. CGGC undertakes no obligation to update such forward‐looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

The NEO Exchange does not accept responsibility for the adequacy or accuracy of this press release.

SOURCE Canaccord Genuity Growth Corp.

Canaccord Genuity Growth Corp., Michael Shuh, Chairman and Chief Executive Officer, [phone]