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Canopy Growth Completes $375 Million Acquisition of Remaining 33% of BC Tweed

Published: 07/05/2018

Team: John P. Vettese, Alykhan Somani, Jonathan Sherman, Amanda Metallo, Robert Lysy, James G. Morand

On July 5, 2018, Canopy Growth Corporation acquired the remaining 33% stake of BC Tweed Joint Ventures Inc. In connection with the acquisition, Canopy Growth paid $1 million in cash and issued $374 million worth of shares in to the minority shareholders of BC Tweed.

In addition, Canopy Growth issued $20 million worth of common shares in connection with an option to acquire certain future infrastructure from minority shareholders of BC Tweed, subject to certain conditions.

Cassels Brock acted for Canopy Growth with a deal team that included John Vettese, Aly Somani, Jonathan Sherman and Amanda Metallo (Business, M&A and Cannabis), Rob Lysy (Real Estate) and Jim Morand (Tax).