Neptune Wellness Solutions Inc.

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

Client

Neptune Wellness Solutions Inc.

Value

US$150 million

Service

Mergers and Acquisitions

Date Closed

Lead Office

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).


Team
François Paradis
Key Contact

François Paradis

Partner, Corporate

Jason  Comerford

Jason Comerford

Partner, Corporate

Bastien  Gauthier

Bastien Gauthier

Partner, Corporate

Mikulas Arendas

Mikulas Arendas

Associate, Banking and Financial Services

Jie Chai

Jie Chai

Associate, Corporate

Paul Seraganian - Cross Border Tax Lawyer

Paul Seraganian

New York Managing Partner

Antoine Stébenne

Antoine Stébenne

Partner, Taxation