4 Firms Steer Cannabis Deal Valuing Dispensary Biz At $3.4B

Law360 (April 18, 2019, 7:08 PM EDT) -- Canopy Growth, which makes various cannabis products, said Thursday it has agreed to buy a cannabis cultivation, processing and dispensary business in a deal valued at $3.4 billion and guided by Cassels Brock & Blackwell LLP, Paul Hastings LLP, DLA Piper and Cozen O’Connor but that won’t be sparked until federal prohibition is lifted.

Canada-based Canopy Growth Corp. said that it has agreed to buy Acreage Holdings Inc. once federal prohibition of marijuana is lifted in the U.S. The deal will see Canopy pay $300 million, or roughly $2.55 per Acreage voting share.

When the deal is finalized, holders of Acreage voting...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!