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Hiku Completes Acquisition of TS Prairie and Brings Prairie Retail Expansion In-House

March 06, 2018

In connection with Hiku Brands Company Ltd. (“Hiku”) being awarded one of only four master retail licenses in Manitoba, Hiku, successfully completed its acquisition of all of the issued and outstanding shares of TS Prairie Retail Corp. (“TS Prairie”) pursuant to a share purchase agreement dated March 6, 2018.

Hiku is Canada’s first vertically-integrated cannabis brand house and the acquisition of TS Prairie is intended to help Hiku, through its wholly-owned subsidiary, TS Brandco Holdings Inc. (“Tokyo Smoke”), in expanding Tokyo Smoke’s retail locations in Alberta, Manitoba and Saskatchewan. Through the acquisition of all of the shares of TS Prairie, Hiku is able to bring Tokyo Smoke’s retail expansion in-house and expects to continue to grow Hiku’s national retail footprint.

Wildeboer Dellelce LLP acted for Hiku with a team that included Jeff Hergott, Rebecca Cochrane, Patricia Good and Tajrin Nayeem (corporate/securities), Jonathan Born (real estate) and Katy Pitch (tax).