Subversive’s Merger with InterCure, Israel’s Leading Cannabis Company
|Areas||Corporate and Commercial, Mergers and Acquisitions|
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.