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Canopy Growth Announces Further Consolidation of Latin America Assets

Published: 08/09/2018

Team: Nicola Geary, Jonathan Sherman, Xi Chen

On August 9, 2018, Canopy Growth Corporation announced the acquisition of all remaining outstanding shares of its Chilean in-market entity, Spectrum Cannabis Chile SpA. In exchange for Cannagrow SpA's 15% interest in Spectrum Cannabis Chile, Canopy Growth paid cash consideration of US$750,000. Prior to the acquisition, Canopy Growth controlled 85% of the issued and outstanding shares of Spectrum Cannabis Chile.

Cassels Brock acted as external counsel for Canopy Growth with a deal team that included Nicola Geary, Jonathan Sherman and Xi Chen (Business, M&A and Cannabis).