Finance & Investment

  • Import and export of cannabis in Canada

    Import and export of cannabis in Canada

    Nov 21, 2018

    Legal cannabis in Canada has opened up an entirely new industry and marketplace. But, what are the rules around importing and exporting recreational cannabis? Can it be imported and exported? What does this mean for Canada?

  • GC of U.S. cannabis company prepping for IPO in Canada

    GC of U.S. cannabis company prepping for IPO in Canada

    Oct 31, 2018

    Zachary Kobrin has been watching the Canadian cannabis landscape for some time now and is preparing to navigate its securities landscape as the Florida-based medical marijuana company he represents prepares to go public on this side of the border.

  • Credit card purchases for cannabis may not be private

    Credit card purchases for cannabis may not be private

    Oct 24, 2018

    Federal legislation makes it legal for Canadians to enjoy cannabis in the privacy of their homes. That legislation, however, does not necessarily offer privacy protection for cannabis purchasers

  • Aurora Cannabis Inc. acquires Anandia Laboratories Inc.

    Aurora Cannabis Inc. acquires Anandia Laboratories Inc.

    Aug 14, 2018

    On August 14, 2018, Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) completed its June-announced acquisition of Anandia Laboratories Inc. in an all-stock transaction valued at $118 million pursuant to a court ordered plan of arrangement.

  • Aphria Inc. acquires LATAM Holdings Inc. for US$130M

    Aphria Inc. acquires LATAM Holdings Inc. for US$130M

    Jul 30, 2018

    COLOMBIA - Aphria Inc. of Canada planned to acquire the entire share capital of LATAM Holdings Inc., manufacturer of pharmaceutical preparations, from Scythian Biosciences Corp., for a total COP 376.112 bil (USD 130.887 mil), in a stock swap transaction.

  • Aurora Cannabis completes US$2.5B acquisition of MedReleaf

    Aurora Cannabis completes US$2.5B acquisition of MedReleaf

    Jul 25, 2018

    On July 25, 2018, Aurora Cannabis Inc. completed the acquisition of MedReleaf Corp. in a transaction valued at US$2.5 billion or ($3.2 billion).

  • Cannabis Industry Starts to Boil

    Cannabis Industry Starts to Boil

    Jul 23, 2018

    It was the first unsolicited takeover bid in Canada’s red-hot cannabis industry, and what an interesting and complicated transaction it turned out to be.

  • Canopy Growth establishes BC Tweed

    Canopy Growth establishes BC Tweed

    Jul 5, 2018

    On October 11, 2017, Canopy Growth Corp. (Canopy Growth) entered into a definitive joint venture agreement to form a new company, BC Tweed Joint Venture Inc. (BC Tweed) together with a large-scale greenhouse operator (the Partner) to develop 1.3 million square feet of greenhouse growing capacity in British Columbia.

  • Aurora Cannabis acquires CanniMed Therapeutics

    Aurora Cannabis acquires CanniMed Therapeutics

    May 2, 2018

    On May 2, 2018, Aurora Cannabis (TSX:ACB) (OTCQB:ACBFF) (Frankfurt: 21P; WKN:A1C4WM) completed its $1.23 billion (US$950 million) takeover bid for all of the outstanding shares CanniMed Therapeutics Inc. (TSX: CMED).

  • The Countdown to Legalization: Marijuana and corporate/commercial law

    The Countdown to Legalization: Marijuana and corporate/commercial law

    Apr 9, 2018

    In the third video of the Countdown to Legalization series, the topic of corporate/commercial law and its intersection with the upcoming marijuana legalization (Bill C-45, the Cannabis Act) is explored.

  • Aphria Inc. acquires Nuuvera Inc.

    Aphria Inc. acquires Nuuvera Inc.

    Mar 23, 2018

    On March 23, 2018, Aphria Inc. (Aphria)(TSX: APH and US OTC: APHQF) completed its acquisition of Nuuvera Inc. (Nuuvera) pursuant to a plan of arrangement under the Business Corporations Act (Ontario) for approximately $425 million.

  • M&A, financings explode in cannabis sector

    M&A, financings explode in cannabis sector

    Jan 30, 2018

    Cannabis, not very long ago the stuff of back-alley deals, is fast becoming a major player in public markets. With recreational marijuana use set to become legal in Canada in July, and another 200 licensed companies joining the 84 already licensed for medical use, the sector has already seen consolidation, new financings and public offerings, not to mention a wave of research and development.

  • Heightened stock market interest in cannabis persists

    Heightened stock market interest in cannabis persists

    Jan 15, 2018

    Earlier this month, some online brokerages in Canada received numerous complaints from customers about delays in placing trades and temporary outages. An unexpected spike in trading volume was blamed in large part on trading in the shares of publicly listed cannabis-related stocks.

  • Cannabis Strategies Acquisition Corp. completes IPO

    Cannabis Strategies Acquisition Corp. completes IPO

    Dec 21, 2017

    Cannabis Strategies Acquisition Corp. (CSAC), and Mercer Park CB, LP as sponsor, completed the initial public offering of Class A restricted voting units of CSAC (including the partial exercise of the over-allotment option) for an aggregate of $134,750,000.

  • Canopy Growth establishes new collaboration with Green House and Organa Brands

    Canopy Growth establishes new collaboration with Green House and Organa Brands

    Dec 1, 2017

    On December 1, 2017, Canopy Growth Corp. (Canopy Growth), Green House Holdings North America Inc. (Green House) and its affiliate in the Netherlands, GHSC Trading B.V., National Concessions Group Inc. (Organa Brands) entered into a collaborative joint venture.

  • On the Deal Q&A: Flexibility Wins the Race

    On the Deal Q&A: Flexibility Wins the Race

    Sep 18, 2017

    When it comes to cannabis, “joint” venture takes on a whole new meaning. Amid huge regulatory uncertainty ­— and the looming deadline next July — lawyers understood the need for flexibility when structuring the JV that established Pure SunFarms Corp.

  • MedReleaf Corp. completes $100M initial public offering and secondary offering

    MedReleaf Corp. completes $100M initial public offering and secondary offering

    Jun 7, 2017

    On June 7, 2017, MedReleaf Corp. (MedReleaf) completed its initial public offering and secondary offering (collectively, the Offering) of an aggregate of 10,600,000 common shares for aggregate gross proceeds of $100,700,000, with MedReleaf and certain shareholders (the Selling Shareholders) receiving gross proceeds of $80,700,049 and $19,999,951, respectively.

  • Village Farms and Emerald Health form joint venture

    Village Farms and Emerald Health form joint venture

    Jun 6, 2017

    On June 6, 2017, Village Farms International, Inc. (Village Farms) and Emerald Health Therapeutics Inc., together with its affiliates (Emerald), entered into a definitive agreement to form a joint venture for large-scale, high-quality, low-cost cannabis production. Under the terms of the agreement, Village Farms initially contributed a 1.1-million square-foot greenhouse facility in Delta, BC.

  • Cannabis legalization means expanding investor market

    Cannabis legalization means expanding investor market

    May 2, 2017

    An evolving regulatory regime is presenting risk for potential investors in the hot cannabis market. “Since Justin Trudeau was elected in 2015, the legal framework for medical and recreational marijuana has been loosening at a rapid pace, fuelling remarkable growth for what is still a nascent sector,” says Andrew Powers of Borden Ladner Gervais LLP in Toronto.

  • Legalization of recreational marijuana leads to market activity

    Legalization of recreational marijuana leads to market activity

    Mar 27, 2017

    News that the federal government appears to be poised to legalize recreational marijuana use by July 1, 2018 is having an impact on the markets — and a welcome development for lawyers who work with clients involved in related businesses.