Aurora Cannabis’ $68 Million Acquisition of TerraFarma

Osler, Hoskin & Harcourt LLP advised TerraFarma on the transaction.

On May 5, 2022, TerraFarma, the parent company of Thrive Cannabis, was acquired by Aurora Cannabis, a global leader in the cannabis industry, for $38 million, plus additional earnouts of up to $10 million for satisfying certain near-term revenue targets and up to $20 million for satisfying certain long-term revenue targets.  

TerraFarma is a vertically integrated cannabis company and is most widely known for its award-winning flagship brand, Greybeard Cannabis Co., which specializes in premium quality, small-batch craft cannabis concentrates and flower products. TerraFarma is also known for its adult-use wellness-oriented brand, Being.  The TerraFarma team leverage their expertise in cannabis cultivation, extraction and product development with a singular focus on delivering the highest quality standard products to consumers. 

The Osler, Hoskin & Harcourt team was led by Joanna Cameron and Trevor Scott (Picture) and including Andrew MacDougall, Nicole Cargill, Megan Young, Wesley Cohen (Corporate), Richard Borins, Yasir Samad, Anxhela Adhamidhis (Financial Services), Matthew Ritchie (Real Estate), Larry Ritchie, Shawn Irving and Mark Sheeley (Litigation). 


Involved fees earner: Richard Borins – Osler Hoskin & Harcourt; Joanna Cameron – Osler Hoskin & Harcourt; Nicole Cargill – Osler Hoskin & Harcourt; Wesley Cohen – Osler Hoskin & Harcourt; Shawn Irving – Osler Hoskin & Harcourt; Andrew MacDougall – Osler Hoskin & Harcourt; Mark Sheeley – Osler Hoskin & Harcourt; Matthew Ritchie – Osler Hoskin & Harcourt; Lawrence Ritchie – Osler Hoskin & Harcourt; Yasir Samad – Osler Hoskin & Harcourt; Trevor Scott – Osler Hoskin & Harcourt; Megan Young – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: TerraFarma (Thrive Cannabis);

Sonia Carcano

Author: Sonia Carcano