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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.

Subversive’s Merger with InterCure, Israel’s Leading Cannabis Company

2021

Areas Corporate and Commercial, Mergers and Acquisitions

Summary

Goodmans LLP represented Subversive Capital LLC (Subversive) and Subversive Real Estate Acquisition REIT LP in its merger with InterCure, Israel’s Leading Cannabis Company. The merger has a rare structure involving the acquisition by the target (InterCure) of the SVX. 

·         The transaction involves numerous highly complex aspects, including:

o   a court-approved Plan of Arrangement process in Canada,

o   shareholder meetings of SVX and InterCure in Canada and Israel, respectively,

o   prospectus filings in Canada and the United States

o   cross-border tax and corporate, commercial and securities law structuring

o   concurrent PIPE financing with institutional investors

o   approvals from several regulatory agencies in Canada, the United States and Israel.