Toronto advised CannaRoyalty Corp. d/b/a Origin House on acquisition of Origin House by Cresco Labs Inc.

March 03, 2020

Client: CannaRoyalty Corp.

Our Toronto office, with regulatory and other support from our Ottawa and Calgary offices, advised Origin House in connection with its acquisition by Cresco Labs by way of statutory plan of arrangement, creating one of the largest vertically integrated multistate cannabis operators in the United States. The acquisition was announced on April 1, 2019 and closed on January 8, 2020, resulting in Cresco Labs acquiring all of the issued and outstanding common shares and class A compressed shares of Origin House.

The transaction constitutes one of the largest US cannabis mergers and is one of the first to pass through a second request under US competition and antitrust laws.

The team comprised of members from our securities, tax, US corporate/securities, litigation and competition groups.