TORONTO, Oct. 30, 2017 /CNW/ - The Hydropothecary Corporation ("THCX" or the "Company") (TSX VENTURE:THCX) announced today that it has entered into an agreement with Canaccord Genuity Corp. and a syndicate of underwriters (the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal placement basis, 50,000 convertible debenture units of the Company (the "Convertible Debenture Units") at a price of $1,000 per unit for aggregate gross proceeds of $50,000,000. Each Convertible Debenture Unit will consist of $1,000 principal amount of 7.0% senior unsecured convertible debentures of the Company (the "Convertible Debentures") and 227 common share purchase warrants (the "Warrants") of the Company (the "Offering").