Mergers and Acquisitions

Neptune Wellness Solutions in its proposed acquisition of SugarLeaf for up to US$150 million

Neptune Wellness Solutions Inc.
Key Contact
François Paradis

Partner, Corporate, Montréal

Team
Jason Comerford

Partner, Corporate, New York

Bastien Gauthier

Partner, Corporate, Montréal

Mikulas Arendas

Partner, Financial Services, Montréal

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).

Value
US$150 million
Date Closed
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Lead Office
Montreal
Key Contact
François Paradis

Partner, Corporate, Montréal

Team
Jason Comerford

Partner, Corporate, New York

Bastien Gauthier

Partner, Corporate, Montréal

Mikulas Arendas

Partner, Financial Services, Montréal