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Spartan Fund to terminate StoneCastle Cannabis Growth Fund

Spartan Fund Management has announced that it intends to terminate the StoneCastle Cannabis Growth Fund, effective on March 24, 2023. Units of the fund will no longer be available for purchase by new or existing unit holders.

Any unitholder that does not redeem or switch their units by the close of business on the termination date will receive proceeds equal to their proportionate share of all property and assets of the fund attributable to the applicable series of units of the fund owned by that unitholder, which is expected to be the series net asset value per unit on the termination date multiplied by the number of units of that series held.

Spartan Fund Management, established in 2006, is a Toronto-based asset manager that specializes in providing, through pooled funds, a broad selection of alternative investment solutions that meet a variety of investment needs.