The Candian Lawyer writes…
DuMoulin Black and Aird & Berlis assisted two licensed cannabis producers, one based in Ontario and one in Vancouver, in a merger that will form the sixth largest cannabis company in Canada by sales. Also in this week’s deals roundup is Stikeman Elliott advising a minority investment in a Quebec-based enclosure manufacturer by Fonds de solidarité FTQ.
Green Organic Dutchman, BZAM to merge into Canada’s sixth largest cannabis firm
Ontario-based The Green Organic Dutchman Holdings Ltd. and Vancouver-headquartered BZAM Holdings, two licensed cannabis producers, agreed to a merger estimated to form the sixth largest cannabis company in Canada by sales.
The Green Organic Dutchman shares are traded as TGOD on the Canadian Securities Exchange. BZAM is privately owned by a sole shareholder.
Aird & Berlis LLP is serving as legal counsel to TGOD. DuMoulin Black LLP is serving as legal counsel and Clarus Securities Inc. as financial advisor to BZAM.
Upon deal completion, BZAM shareholders will own about 49.5 percent of shares of the combined company.
The combined company will be led by BZAM’s current CEO Matt Milich and CCO Jordan Winnett – retaining their CEO and CCO positions – with TGOD’s current CEO Sean Bovingdon as CFO, and a seven-member board of directors, composed of five members from TGOD’s current board and two members nominated by BZAM.