Canopy Growth Corporation Acquires Mettrum Health Corp. for $430 Million
Goodmans LLP represented Mettrum Health Corp. (Mettrum) in connection with the sale of all of its issued and outstanding shares to Canopy Growth Corporation (Canopy) by plan of arrangement, whereby Mettrum shareholders received 0.7132 common shares of Canopy for each Mettrum common share held, representing consideration of $8.42 per common share and a total transaction value of approximately $430 million, based on the respective closing prices prior to announcement of the transaction.
With three licenses to produce and sell medical cannabis under the Access to Cannabis for Medical Purposes Regulations, Mettrum is a leading producer and vendor of medical cannabis. In addition, through its wholly-owned subsidiary Mettrum Hempworks, Mettrum also is a licensed producer and distribution of industrial cannabis (hemp) products, including Mettrum's functional food line, Mettrum Originals™, under the Industrial Hemp Regulations (Canada) issued pursuant to the Controlled Drugs and Substances Act (Canada).
Canopy Growth is a world-leading diversified cannabis company, offering diverse brands and curated cannabis strain varieties in dried and oil extract forms. With its acquisition of Mettrum, Canopy Growth will add two national brands to its portfolio, increase its production platform and create room for further expansion.
Featured Work
-
Mergers and Acquisitions
GTCR acquires Dentalcorp for C$2.2 billion
Goodmans LLP advised GTCR LLC (“GTCR”) in connection with its acquisition of dentalcorp Holdings Ltd. (“Dentalcorp”) by way of a plan of arrangement in a transaction that values Dentalcorp at… -
Mergers and Acquisitions
CompoSecure completes business combination with Husky Technologies
Goodmans LLP acted as Canadian counsel to CompoSecure Inc. in connection with its business combination with Husky Technologies Limited, for enterprise value of US$5.0 billion. The transaction values… -
REITS and Income Securities
Minto Apartment REIT announces going-private transaction with Crestpoint and Minto Group
Goodmans LLP is acting for Minto Apartment Real Estate Investment Trust (the “REIT”) in connection with its going-private transaction with Crestpoint Real Estate Investments Limited Partnership… -
Mergers and Acquisitions
Quipt Home Medical to be taken private by Kingswood and Forager for US$260 million
Goodmans LLP is representing the Board of Quipt Home Medical Corp. in connection with its definitive agreement to be taken private by Kingswood Capital Management, L.P. and Forager Capital Management… -
Mergers and Acquisitions
WildBrain to sell 41% Peanuts stake to Sony for C$630 million
Goodmans LLP is acting for WildBrain Ltd. (“WildBrain”) in connection with its definitive agreement to sell its 41% stake in Peanuts Holdings LLC (“Peanuts”) to Sony Music Entertainment (Japan) Inc… -
Mergers and Acquisitions
Dream Industrial REIT forms joint venture with CPP Investments
Goodmans LLP is acting as independent legal counsel for the Special Committee of Dream Industrial REIT in connection with a C$805 million joint venture with the Canada Pension Plan Investment Board…