skip to main content

The Torkin Manes Cannabis Law Group is pleased to be acting for WeedMD in connection with strategic combination with Starseed Holdings Inc.

The Torkin Manes Cannabis Law Group is pleased to be acting for WeedMD in connection with strategic combination with Starseed Holdings Inc.

WeedMD Inc., a federally-licensed producer and distributor of medical-grade cannabis, has announced that it has entered into a definitive agreement dated November 29, 2019 to acquire Starseed Holdings Inc., a medically-focused, federally-licensed cannabis company providing cannabis to insured patients with coverage under their benefit plans. The arms-length all-share Acquisition is valued at approximately $78 million, and Starseed’s strategic investor, the Labourers’ Pension Fund of Central and Eastern Canada, will make a concurrent $25 million equity investment directly into WeedMD. The Transaction bolsters the Company’s leadership position in the medical cannabis market through Starseed’s exclusive distribution and patient channels, provides important growth capital and fortifies WeedMD’s balance sheet.

Read the full press release here.

Related Posts

Join us on February 4, 2020 at Cannabis Retail: Everything You Need to Open a Store or Build a Retail Brand in a Post-Lottery World

On February 4, 2020, the Torkin Manes Cannabis Law Group, along with a select group of industry experts from the fields of cannabis banking, finance, ...
Dec 2, 2019

Matt Maurer's Slaw eBook is now available on CanLII

Matt Maurer's Slaw ebook on Cannabis Law is now available on CanLII.
Nov 28, 2019

Matt Maurer speaks to Lexpert about the first year of legalized recreational cannabis

As recreational cannabis comes to its first anniversary, Lexpert magazine checked in with co-chair of Torkin Manes' Cannabis Law Group, Matt Maurer.
Nov 18, 2019