Hydropothecary Closes Offering of Units for $149.5 MillionGATINEAU, QC--(Marketwired - January 30, 2018) - The Hydropothecary Corporation ("THCX" or the "Company") (TSX VENTURE: THCX) announced today that it has closed its previously disclosed bought deal public offering (the "Offering") of units of the Company (the "Units") for aggregate gross proceeds of $149,500,000, including the exercise, in full, of the over-allotment option. The Offering was underwritten by a syndicate of underwriters led by Canaccord Genuity Corp. and Eight Capital and including Cormark Securities Inc., GMP Securities L.P. and Beacon Securities Limited (the "Underwriters"). Under the Offering, the Company issued 37,375,000 units at a price of $4.00 per unit, including 4,875,000 units issued pursuant to the exercise of the over-allotment option. Each Unit is composed of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable into one common share of the Company at an exercise price per share of $5.60 for a period of two years from the date of issue. The Company intends to use the net proceeds of the Offering to acquire additional production equipment, further expand and increase the Company's production, processing and distribution capacity, develop distribution channels in the adult recreational use market across Canada, explore international business development opportunities, and make strategic investments through acquisitions, partnerships or development of additional in-house capacity to broaden and diversify the Company's product offering. Additional information on the expected use of the net proceeds from the Offering is disclosed in the short form prospectus for the Offering. The Offering is subject to final acceptance of the TSX Venture Exchange ("TSXV"). The TSXV has conditionally accepted the Offering and the listing of the common shares and Warrants. Subject to the Company fulfilling the listing requirements of the TSXV, it is expected that the Warrants will commence trading on the TSXV at market open on Friday, February 2, 2018.