Bennett Jones is acting for Redecan in its C$925-million sale to HEXO Corp. The combined company would hold number one market-share in Canadian recreational cannabis and hold number one positions in four of Canada’s largest markets: Alberta, British Columbia, Québec and Ontario.
Redecan’s lean production capabilities are expected to drive improved future financial performance and enhance potential to generate cash flow, and the deal will equip HEXO with one of the most robust brand portfolios in Canada.
The transaction is expected to close in calendar Q3 2021.
The Bennett Jones M&A team included Curtis Cusinato, Andrew Bozzato, Celina Hong and Dominique Carli.
More information on the deal is available here.