At Fogler, Rubinoff, we believe that making a difference begins with trust. Experience and sound judgment earn it. Client relationships are built on it. Results keep it.

Russell Sanders




Russell is an Associate with the firm’s Securities Law Group and is developing a diverse corporate-securities practice. He assists clients on a variety of transactions, including private and public mergers and acquisitions, corporate governance, public company maintenance and compliance, securities registrant regulation and compliance, stock exchange listing,  private and public financings and other corporate matters. During law school,  Russell worked at the Ontario Securities Commission and was the recipient of the Law Society of Upper Canada/Osgoode Society Award of Excellence. He is an avid Toronto Maple Leafs fan, enjoys travelling and gives back to his community by volunteering at homeless shelters.


JUNE 29 2018

Highlights of the New Cannabis Regulations Enacted Under the Cannabis Act

On June 21, 2018, the Cannabis Act (the "Act") received Royal Assent, marking a historic milestone for Canada in that it became the first G7 nation to legalize cannabis. On June 27, 2018, Health Canada released new sets of regulations (the "Regulations"), as summarized below, that support and clarify the Act...

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MARCH 29 2018

The CSA Proposes Tougher Rules For Syndicated Mortgages

The Canadian Securities Administrators (the "CSA") have unveiled new rules addressing syndicated mortgages with the dual objectives of establishing a more consistent framework across the country and enhancing investor protecting through greater transparency...

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MARCH 23 2018

Plain Jane Pot Packaging

On March 19, 2018, Health Canada unveiled its proposed regulations under the Cannabis Act applicable to the packaging and labelling of recreational cannabis following a 60-day public consultation period...

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FEBRUARY 13 2018

CSA Staff Notice 51-352 (Revised) - Issuers With U.S. Marijuana-Related Activities

With much uncertainty surrounding the rapidly growing marijuana industry following the rescission of the Obama-era Cole Memorandum, the Canadian Securities Administrators (the "CSA") reiterated a position that bodes well for Canadian issuers involved in U.S. marijuana activities: that a disclosure-based approach remains appropriate in light of the risks posed by an inconsistent legal framework...

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OCTOBER 24 2017

Changes To The TSX Company Manual On Website Disclosure Rules And Equity Compensation Plans Come Into Force

Following the completion of two comment periods in May 2016 and April 2017 respectively, the Toronto Stock Exchange ("TSX") finalized amendments to Parts IV and VI of the TSX Company Manual (the "Manual")...

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AUGUST 10 2017

Market Participants Take Note: Securities Regulators To Subject Special Transactions To Greater Scrutiny And On A Real-Time Basis

On July 27, 2017, the securities regulatory authorities of Ontario, Quebec, Alberta, Manitoba and New Brunswick (collectively, "Staff") published comments in a Notice (the "Notice") on Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), advising market participants of their collective intention to subject material conflict of interest transactions ("Special Transactions") to greater scrutiny by reviewing them in "real time."

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Industry Groups

Representative Work

CannTrust Holdings Inc. completes $100,395,000 short form prospectus offering (June 2018)

 Assisted on a team that represented CannTrust Holdings Inc. in respect of its short form prospectus offering of 11,155,000 units for aggregate gross proceeds of $100,395,000.

Neo Performance Materials Inc. completes $200,000,000 IPO (December 2017)

Assisted on the team that represented the issuer, Neo Performance Materials Inc., in its initial public offering of common shares made by way of a secondary offering by its majority shareholder, effected pursuant to a long form prospectus filed with the securities regulatory authorities in each of the provinces and territories of Canada.

Cann Trust Holdings Inc. completes $20,000,000 bought deal private placement (November 2017)

Assisted on the team that represented CannTrust Holdings Inc. in respect of its bought deal private placement financing of 4,000,000 Common Shares of the Company at a price of $5.00 per share for gross proceeds of $20,000,000 with a syndicate of underwriters led by Echelon Wealth Partners Inc. and Bloom Burton Securities Inc. and including Canaccord Genuity Corp., Eight Capital Corp. and Haywood Securities Inc.

Neo Lithium Corp completes $30,000,000 bought deal private placement (November 2017)

Assisted on a team that represented a syndicate of underwriters led by Cormark Securities Inc. on a bought deal private placement of 15,404,600 common shares of Neo Lithium Corp for aggregate gross proceeds of $30,000,000.


  • University of Windsor, J.D., 2016 – Recipient of the White Collar Crime Award and Law Society of Upper Canada/Osgoode Society Award of Excellence.
  • University of Western Ontario, B.A., 2013


  • Ontario Bar Association, Business Law Section
  • Canadian Bar Association

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