representative work

Canopy Growth Completes $540 Million Acquisition of Hiku Brands

09/05/2018

On September 5, 2018, Canopy Growth Corporation completed its acquisition of Hiku Brands Company Ltd. by way of plan of 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 acted for Canopy with a deal team that included Jeffrey Roy, Jamie Litchen, Jonathan Sherman and Miriam El Ofir (Securities, M&A and Cannabis) and Brigeeta Richdale (Litigation).