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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Curaleaf to Acquire Select, the Leading Cannabis Wholesale Brand in the U.S.

2019

Areas Cannabis, Corporate and Commercial, Mergers and Acquisitions

Summary

Goodmans LLP is representing Cura Partners, Inc. (“Cura”), owners of Select – the leading Cannabis wholesale brand in the United States – in connection with a definitive agreement to have its state-regulated cannabis business acquired by Curaleaf Holdings Inc. (“Curaleaf”), a leading vertically integrated cannabis operation in the United States, in an all-stock transaction valued at C$1.27 billion or US$948.8 million.

The acquisition includes Cura’s Select brands’ manufacturing, processing, distribution, marketing and retailing operations and all adult-use cannabis products marketed under the Select brand name, including all intellectual property.

The transaction is expected to close in 2019, subject to customary closing conditions, regulatory approvals, Cura stockholder approval, and the receipt of an agreement from the holders of Cura's convertible debentures with respect to the conversion of such debentures into equity. The transaction has been unanimously approved by independent special committees of the Boards of Directors at both companies.