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