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Canopy Growth Completes $540 Million Acquisition of Hiku Brands

Published: 09/05/2018

Team: Jeffrey P. Roy, Jamie Litchen, Jonathan Sherman, Miriam El Ofir, Brigeeta C. Richdale

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 Brock 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).