On April 9, 2020, CordovaCann Corp., a cannabis-focused consumer products company, announced that its wholly-owned subsidiary, Cordova Investments Canada, Inc., completed the purchase of certain assets including intellectual property from Starbuds International Inc. The assets acquired will enable Cordova to establish a cannabis retail platform and open up to five recreational cannabis stores and four medical cannabis clinics in Western Canada under the Starbuds brand name in the short term. Further, Cordova has secured exclusive rights to open additional stores in provinces throughout Canada utilizing the Starbuds name, a leading brand of retail cannabis stores and clinics in the United States and Western Canada.
Cassels acted for CordovaCann with a deal team that included Andrew Reback (Tax), Jay King, Luke Woolford and Tiffany Chiu (Securities, M&A and Cannabis), and Stephanie Roberts (Intellectual Property).