Mergers and Acquisitions

Constellation Brands in its strategic investment and minority stake in Canopy Growth Corporation.

Constellation Brands
Key Contact
Emmanuel Pressman

National Co-Chair, Toronto

Team
Arlene Mack

Partner, Financial Services, Toronto

Justin Sherman

Partner, Corporate, Calgary

Douglass Dawson

Associate, Corporate, Toronto

Mark Austin

Partner, Commercial, Toronto

Matias Milet

Partner, Tax, Toronto

On November 2, 2017, Constellation Brands closed its previously announced acquisition of a minority stake in Canopy Growth Corporation. The investment of $245 million represents a minority ownership interest of 9.9% of Canopy Growth.

Constellation Brands is a Fortune 500 company and a leading, international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, Italy and Canada.

Canopy Growth is a leading diversified cannabis company based in Smiths Falls, Ontario, Canada.

Osler, Hoskin & Harcourt LLP represented Constellation Brands with a team led by Manny Pressman and including Jay Greenspoon, Arlene Mack, Justin Sherman, Douglass Dawson, Charlie Zilvytis (Corporate); Mark Austin (Regulatory/Health); Lee Webster (IP); Matias Milet (Tax).

Value
$245 million
Date Closed
November 2, 2017
Lead Office
Toronto
Key Contact
Emmanuel Pressman

National Co-Chair, Toronto

Team
Arlene Mack

Partner, Financial Services, Toronto

Justin Sherman

Partner, Corporate, Calgary

Douglass Dawson

Associate, Corporate, Toronto

Mark Austin

Partner, Commercial, Toronto

Matias Milet

Partner, Tax, Toronto