On September 5, 2018, Canopy Growth Corp. (Canopy), the largest licensed producer of regulated cannabis in the world, completed its acquisition of Hiku Brands Company Ltd. (Hiku) by way of plan of arrangement (the Arrangement).
Pursuant to the Arrangement, Canopy acquired 100% of the issued and outstanding common shares of Hiku and Hiku shareholders received 0.046 of a Canopy common share in exchange for each Hiku share held immediately prior to the closing.
Hiku is focused on building a portfolio of engaging cannabis brands with a national retail footprint led by Tokyo Smoke.
Cassels Brock & Blackwell LLP acted for Canopy with a deal team that included Paul Stein, Jeffrey Roy, Jamie Litchen, Jonathan Sherman and Miriam El Ofir (securities, M&A and cannabis), Carla Potter (financial services), Ardy Mohajer and Kwaku Tabi (real estate), Chris Hersh (competition), James Morand (tax) and Brigeeta Richdale (litigation).
Dorsey & Whitney LLP acted as United States counsel for Canopy.
Wildeboer Dellelce LLP acted for Hiku with a deal team that included Jeff Hergott, Rob Wortzman, Rebecca Cochrane and Amir Torabi (corporate and securities) and Katy Pitch (tax).
Blake, Cassels & Graydon LLP acted as competition and litigation counsel for Hiku with a deal team that included Navin Joneja and Jim Robson (competition) and Sean Boyle (litigation).