On May 1, 2017, Canopy Growth Corporation announced details regarding its newly formed cannabis streaming and strategic platform, Canopy Rivers Corporation.
Canopy Rivers will enter streaming agreements to purchase a portion of cannabis harvested from licensed producers in exchange for an upfront capital and additional ongoing payments upon delivery of the product. In return, Canopy Rivers will be supplied with high-quality cannabis at predictable costs. Partners of Canopy Rivers will benefit from Canopy Growth's world-leading expertise within the cannabis market while still allowing the partners to maintain day-to-day control over operational and strategic initiatives.
We are proud to be have been retained to act as legal counsel to Canopy Rivers on this unique venture. According to a press release from Canopy Growth Corporation, Cassels Brock was selected due to our “considerable experience working within the Canadian cannabis sector” and the fact that the firm “is ideally positioned to leverage their insight and perspective gained from working with multi billion dollar global companies specializing in the structuring of royalty and streaming transactions."