Montreal and Toronto advised HEXO Corp. on acquisition of Newstrike Brands Ltd. for C$263m

July 08, 2019

Client: HEXO Corp.

Our Montreal and Toronto offices advised HEXO Corp. on its acquisition of Newstrike Brands for C$263m by way of a plan of arrangement under the Business Corporations Act (Ontario).
 
Under the terms of the Arrangement, each former Newstrike shareholder is entitled to receive 0.06332 of a common share in the capital of HEXO for each Newstrike Share held immediately prior to the Arrangement.
 
HEXO Corp is a consumer packaged goods cannabis company that creates and distributes products to serve the global cannabis market. 
 
The matter was led by Eric Reither (Toronto) and Amar Ghosh-Leclair (Montreal) and included Rujuta Patel (Competition), Barry Segal (Tax), and Victoria Riley.