Canopy Growth Corporation’s Acquisition of Ace Valley

Cassels represented Canopy Growth on the acquisition.

On April 1, 2021, Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) completed the acquisition of AV Cannabis Inc. (“Ace Valley”), one of Ontario’s leading cannabis brands. Ace Valley holds top 5 and top 10 market positions in Ontario across its range of SKUs and complements Canopy Growth’s existing portfolio of premium vapes, pre-roll joints and gummies.

Through this acquisition, Canopy Growth will acquire 100 percent of Ace Valley with the intention of leveraging the Company’s best-in-class national sales, marketing and distribution capabilities to expand the product portfolio and scale the brand across Canada.

Canopy Growth is a  diversified cannabis and cannabinoid-based consumer product company. 

The Cassels’ team comprised of Jonathan Sherman (Picture), Aly Somani, Chad Podolsky and Thea Gaertner (Business, M&A and Cannabis), Chris Norton (Tax), Chandimal Nicholas and Marco Ciarlariello (Intellectual Property and Cannabis), Chuck Rich, Daniel Cipollone and Amanda Scolieri (Banking & Specialty Finance and Cannabis) and Kristin Taylor and Maria Constantine (Employment & Labour).

Involved fees earner: Marco Ciarlariello – Cassels Brock & Blackwell LLP; Daniel Cipollone – Cassels Brock & Blackwell LLP; Maria Constantine – Cassels Brock & Blackwell LLP; Thea Gaertner – Cassels Brock & Blackwell LLP; Chandimal Nicholas – Cassels Brock & Blackwell LLP; Christopher Norton – Cassels Brock & Blackwell LLP; Chad Podolsky – Cassels Brock & Blackwell LLP; Chuck Rich – Cassels Brock & Blackwell LLP; Amanda Scolieri – Cassels Brock & Blackwell LLP; Jonathan Sherman – Cassels Brock & Blackwell LLP; Aly Somani – Cassels Brock & Blackwell LLP; Kristin Taylor – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Canopy Growth Corp.;

Martina Bellini

Author: Martina Bellini