Hexo Corp. completes acquisition of Newstrike Brands Ltd. for $263M

On May 24, 2019, HEXO Corp. completed its acquisition of Newstrike Brands for C$263m by way of a plan of arrangement under the Business Corporations Act (Ontario). Under the terms of the Arrangement, each former Newstrike shareholder is entitled to receive 0.06332 of a common share in the capital of HEXO for each Newstrike Share held immediately prior to the Arrangement. HEXO Corp is a consumer packaged goods cannabis company that creates and distributes products to serve the global cannabis market.

HEXO Corp. was represented in-house by Roch Vaillancourt and Joelle Maurais and supported by Norton Rose Fulbright Canada LLP with a team led by Amar Ghosh-Leclair and Eric Reither and that included, Peter Wiazowski, Victoria Riley, Sam Zadeh and Jaray Zhao (M&A), Rujuta Patel, Stephen Nattrass (Competition), Barry Segal, Carl Deeprose (Tax), Sara Zborovski (Health, Regulatory), Lisa Cabel, Nicole Buchanan (Employment and Labour), Janet Bobechko, Andre Shymanski (Environmental), Jung-Kay Chiu (Intellectual Property), Michael Lieberman, Samantha Sarkozi (Real Estate), and Alan Merskey and Geoff Mens (Disputes)

DLA Piper (Canada) LLP also provided securities law advice with a team that included Vaughn MacLellan and Sydney Kert.

Stikeman Elliott LLP acted as counsel to Newstrike Brands Ltd. with a team that included D’Arcy Nordick, Steven Bennett, Stewart Sutcliffe, Omar Soliman, and Precia Darshan.

Osler, Hoskin & Harcourt LLP vised the special committee for Newstrike with a team comprising Doug Marshall and Kai Sheffield.

Lawyer(s)

Roch Vaillancourt Joelle Maurais Eric P. Reither Peter J. Wiazowski Rujuta Patel Barry N. Segal Sara Zborovski Lisa Cabel Janet L. Bobechko Jung-Kay Chiu Michael H. Lieberman Alan B. Merskey Steven D. Bennett Stewart Sutcliffe Douglas R. Marshall