On May 9, 2019, Neptune Wellness Solutions announced the signing of a definitive agreement to acquire substantially all of the assets of SugarLeaf Labs and Forest Remedies (collectively, "SugarLeaf") for a maximum aggregate purchase price of up to US$150 million. Neptune's objective is to be a world's leader in extraction, purification and formulation of value-added cannabis and natural health products.
Neptune Wellness Solutions, specializes in the extraction, purification and formulation of health and wellness products.
SugarLeaf Labs, based in Conover, North Carolina, is a commercial hemp company and provides extraction services and formulated products. Forest Remedies provides extraction services for commercial hemp and formulated products.
Osler, Hoskin & Harcourt LLP represented Neptune Wellness Solutions on the Canadian and U.S. M&A aspects of the transaction with a team consisting of François Paradis, Jason Comerford, Bastien Gauthier, Mikulas Arendas and Jie Chai (Corporate), and Paul Seraganian, Antoine Stébenne and Zack Crawford (Tax).
Key Contact
Partner, Corporate, Montréal
Team
Partner, Corporate, New York
Partner, Corporate, Montréal
Partner, Financial Services, Montréal
