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Canopy Growth Corporation Completes $540 Million Acquisition of Hiku Brands Company Ltd.
Hiku Brands Company Ltd. (“Hiku”) and Canopy Growth Corporation (“Canopy Growth”) (TSX: WEED) (NYSE:CGC) have successfully completed a plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which Canopy Growth acquired all of the issued and outstanding common shares of Hiku (the “Transaction”). Under the Transaction, each Hiku share was acquired by Canopy Growth in exchange for 0.046 of a common share of Canopy Growth. The Transaction was previously approved by Hiku shareholders and was subsequently approved by the Supreme Court of British Columbia.
Wildeboer Dellelce LLP represented Hiku in connection with the Transaction with a team that included Jeff Hergott, Rob Wortzman, Rebecca Cochrane, Amir Torabi and Melissa Smith (corporate / securities), and Katy Pitch (tax).
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