16 LEXPERT
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2019
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WWW.LEXPERT.CA
Hudec, Albert J. Farris, Vaughan, Wills & Murphy LLP
(604) 661-9356 ahudec@farris.com
Mr. Hudec is an M&A and corporate governance practitioner with 30+ years
experience in cross-border M&A for Canada's resource and technology
industries, securities law and board/independent committee representation.
He also practises extensively in Aboriginal law (commercial and benefits
agreements) and deals with commercial and regulatory matters in Canada's
food & beverage industry.
Houston, Thomas A. Dentons Canada LLP
(613) 783-9611 tom.houston@dentons.com
Mr. Houston advises on corporate finance, venture capital, M&A and corporate
governance matters, across various industry sectors, with an emphasis on the
technology and not-for-profit sectors. He has particular expertise in technology
start-ups and has assisted many companies from formation through successful
exits. Many transactions have involved cross-border investments and acquisitions.
Horn, Sidney M. Stikeman Elliott LLP
(514) 397-3342 smhorn@stikeman.com
Mr. Horn is a senior counsel in the Corporate Group. He specializes in
commercial, corporate and securities law, advising large domestic and
international corporations on complex questions concerning finance,
mergers & acquisitions and corporate governance.
Horn, Samantha G. Stikeman Elliott LLP
(416) 869-5636 sghorn@stikeman.com
Ms. Horn is a partner in the Mergers & Acquisitions and Private Equity
Groups. Her practice focuses on mergers & acquisitions and private equity
and venture capital financing, including investments and buy-outs, as
well as fund formation activities. She is a member of the Toronto office's
Management Committee and former Co-Head of the Mergers & Acquisitions
and Private Equity Groups.
Henrie, Pierre-Paul Norton Rose Fulbright Canada LLP
(613) 780-3777 pierre-paul.henrie@nortonrosefulbright.com
Mr. Henrie practises corporate and commercial law, with particular emphasis
on matters relating to project financings, private placements, secured lending
transactions, mergers & acquisitions, contract negotiations, technology
contracting, licensing and technology-related transactions. He is managing
partner of the firm's Ottawa office and Ottawa chair of its business law group.
Heeney, Tim Goodmans LLP
(416) 597-4195 theeney@goodmans.ca
Mr. Heeney specializes in corporate finance, M&A, securities, private equity
and restructurings of public companies. He has represented a broad range
of clients on domestic/international M&A transactions of all sizes, and
provides advice to special committees involved in M&A and other related
party transactions.
LEXPERT-RANKED LAWYERS
"With this latest investment and the execu-
tion of some warrants, Constellation says its
stake will become 38 percent of Canopy. Con-
stellation also received an opportunity over the
next three years to buy up to 139.7 million in
new shares, which represents up to $5 billion
in additional funding. If Constellation utilized
those warrants, it could raise its total stake in
Canopy to more than 50 percent."
"Over the past year, we've come to better un-
derstand the cannabis market, the tremendous
growth opportunity it presents, and Canopy's
market-leading capabilities in this space," Constel-
lation Brands CEO Rob Sands said in a statement.
"We think the premium paid as well as the
size of [Constellation's] investment reflects the
long-term attractiveness of the global canna-
bis opportunity," Cowen analysts said in a note
Wednesday. e firm says Constellation's expec-
tation for the deal to be accretive by fiscal year
2021 is also encouraging.
LaBarge Weinstein LLP acted as sole legal
counsel to Canopy Growth Corp. with a team
led by Shane McLean and Debbie Weinstein,
and including Brigitte LeBlanc-Lapointe and
Tayyaba Khan; Davies Ward Phillips & Vine-
berg LLP, led by Patricia Olasker, advised Can-
opy on Competition Act and Investment Canada
Act matters. Osler, Hoskin & Harcourt LLP
represented Constellation Brands, led by Manny
Pressman and James Brown.
On September 5, 2018, Canopy had complet-
ed its acquisition of Hiku Brands Company Ltd.
(Hiku) by way of plan of arrangement.
Pursuant to the Arrangement, Canopy acquired
100% of the issued and outstanding common
shares of Hiku and Hiku shareholders received
0.046 of a Canopy common share in exchange
for each Hiku share held immediately prior to the
closing. Hiku is focused on building a portfolio
of engaging cannabis brands with a national retail
footprint led by Tokyo Smoke.
Cassels Brock & Blackwell LLP acted for Can-
opy with a deal team that included Paul Stein, Jef-
frey Roy, Jamie Litchen, Jonathan Sherman and
Miriam El Ofir (Securities, M&A and Cannabis),
Carla Potter (Financial Services), Ardy Moha-
jer and Kwaku Tabi (Real Estate), Chris Hersh
(Competition), James Morand (Tax) and Brigeeta
Richdale (Litigation).
Dorsey & Whitney LLP acted as United States
counsel for Canopy.
Wildeboer Dellelce LLP acted for Hiku with a
deal team that included Jeff Hergott, Rob Wortz-
man, Rebecca Cochrane and Amir Torabi (Cor-
porate and Securities) and Katy Pitch (Tax).
Blake, Cassels & Graydon LLP acted as Compe-
tition and Litigation counsel for Hiku with a deal
team that included Navin Joneja and Jim Robson
