Hiku Completes Acquisition of Maїtri

May 04, 2018

Hiku Brands Company Ltd. completed its acquisition of all of the issued and outstanding shares of Maїtri Group Inc., a Quebec-based cannabis accessory and design brand.

Shareholders of Maїtri received upfront consideration of an aggregate of $550,000 in a combination of cash and common shares in the capital of Hiku, and may earn up to an additional $1.2 million of Hiku shares in earn-out and contingent payments if certain performance milestones are met.

Wildeboer Dellelce LLP acted for Hiku in connection with the acquisition with a team that consisted of Jeff Hergott, Michael Rennie and Carlye Bellavia (corporate/mergers and acquisitions) and Katy Pitch and Millie Bojic (tax).