Mercer Park Opportunities Corp. announced its initial public offering on July 16, 2024, and closed it on July 19, 2024, raising USD 200 million (approximately CAD 264 million). The offering included 20 million Class A Restricted Voting Units priced at USD 10.00 (CAD 13.20) per unit, each consisting of a Class A Restricted Voting Share, one Right, and one Warrant. Proceeds were intended for acquisitions in the cannabis sector, focusing on the U.S. market. Funds were held in escrow, with provisions to return them to investors if no acquisition was completed within 18 months. Warrants allowed holders to purchase a share at USD 11.00 (CAD 14.52), exercisable 65 days after the acquisition.

The offering could have expanded to USD 230 million (CAD 303.6 million) with the over-allotment option. Canaccord Genuity Corp. acted as underwriter, with Stikeman Elliott LLP and Blake, Cassels & Graydon LLP providing legal counsel.