Cannabis Cannabis

Ernst & Young as court-appointed Monitor of the Zenabis group and its sale to SNDL

On November 1, 2022, in the context of its proceedings under the Companies' Creditors Arrangement Act (Canada), the Zenabis group announced its acquisition by its secured creditor SNDL, the largest private sector liquor and cannabis retailer in Canada, pursuant to an order of the Superior Court of...

Lead Office: Montreal Date Closed: -- Value: -

Neptune Wellness Solutions in the $5.15M sale of its cannabis business to PurCann Pharma

On October 17, 2022, Neptune Wellness Solutions announced it had entered into a binding agreement to sell its cannabis business to PurCann Pharma Inc., a subsidiary of Groupe SiliCycle, a Quebec based company with over 27 years of experience with extracting and purifying active ingredients...

Lead Office: Montreal Date Closed: -- Value: $5.15 million

Sweet Reason in its acquisition by CANN

On September 27, 2022, Sweet Reason Beverage Corp. announced it had been acquired by cannabis beverage producer CANN. With this acquisition, CANN plans to expand the Sweet Reason brand to tap into new market areas, such as low-THC and CBD-free versions of the product.Sweet Reason is a...

Lead Office: Toronto Date Closed: September 27, 2022 Value: -

TerraFarma in its up to $68 million acquisition by Aurora Cannabis

On May 5, 2022, TerraFarma, the parent company of Thrive Cannabis, was acquired by Aurora Cannabis, a global leader in the cannabis industry, for $38 million, plus additional earnouts of up to $10 million for satisfying certain near-term revenue targets and up to $20 million for satisfying...

Lead Office: Vancouver Date Closed: May 5, 2022 Value: $68 million

Zenabis Global Inc. in its completed public offering of units

On September 23, 2020, Zenabis Global Inc. completed its marketed offering of units for aggregate gross proceeds of $7,592,009. The offering was made through a syndicate of agents led by ATB Capital Markets Inc. and including Eight Capital. The proceeds from the offering will be used for...

Lead Office: Vancouver Date Closed: September 23, 2020 Value: $7.6 million

Zenabis Global Inc. in its completed public offering of units

On June 25, 2020, Zenabis Global Inc.completed an overnight marketed offering of units for aggregate gross proceeds of $23,567,760. Each unit is comprised of one common share and a warrant exercisable to purchase one common share. The offering was made pursuant to an agency agreement...

Lead Office: Vancouver Date Closed: June 25, 2020 Value: $23.6 million

Cowen and Company and the underwriters in Sundial Growers’ US$143 million U.S. and Canadian IPO of common shares and NASDAQ listing

On August 6, 2019, Sundial Growers Inc. completed its initial public offering in the United States and Canada for gross proceeds of US$143 million. Sundial Growers Inc. intends to use the proceeds from the IPO to complete the construction, expansion, and transition of its cultivation and...

Lead Office: New York Date Closed: -- Value: US$143 million

Sweet Reason Beverage Corp. in its USD$2.5 million capital raise

On July 2, 2019,  Sweet Reason Beverage Crop announced its USD$2.5 million capital raise to complete its seed investment round. Lerer Hippeau led the financing with participation from RiverPark Ventures, Max Ventures and Subversive Capital. Sweet Reason Beverage, launched in December 2018, is...

Lead Office: Toronto Date Closed: July 2, 2019 Value: USD$2.5 million

The Special Committee of the Board of Directors of Newstrike Brands in its proposed acquisition by HEXO Corp

On March 13, 2019, HEXO Corp (“HEXO”) and Newstrike Brands Ltd. (“Newstrike”) announced that they have entered into a definite agreement under which HEXO will acquire Newstrike for $263 million. Newstrike is the parent company of Up Cannabis Inc., a licensed producer of...

Lead Office: Toronto Date Closed: May 24, 2019 Value: $263 million

Abacus Health Products in its $34 million financing

On May 8, 2019, Abacus Health Products announced the closing of its $34 million bought deal offering. The offering was underwritten by a syndicate of dealers led by Eight Capital and including GMP Securities LP, Cormark Securities Inc., Haywood Securities Inc. and Paradigm Capital Inc. Abacus...

Lead Office: Montreal Date Closed: May 8, 2019 Value: $34 million