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Citizen Stash Cannabis Corp. announces completion of acquisition by The Valens Company Inc.

Fasken
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Overview

Client

Citizen Stash Cannabis Corp

On November 8, 2021, Citizen Stash Cannabis Corp. ("Citizen Stash") was acquired by The Valens Company Inc. ("Valens") through a plan of arrangement, whereby Valens acquired all of the issued and outstanding common shares and other securities of Citizen Stash in an all share transaction. The transaction was valued at approximately $54.3 million on an enterprise value basis.

Fasken acted as counsel to Citizen Stash with a team led by Sarah Gingrich which included Blaine Bowman, Gabriel Lam, Mike Coburn, Gavin Cameron and Ivo Martinich.

Jurisdictions

  • Alberta
  • British Columbia

Team

  • Sarah Gingrich, Partner | CO-LEADER, CAPITAL MARKETS AND MERGERS & ACQUISITIONS (CM AND M&A), Calgary, AB, +1 587 233 4103, [email protected]
  • Gabriel Lam, Associate | Capital Markets, Mergers & Acquisitions, Calgary, AB, +1 403 261 7376, [email protected]
  • Michael Coburn, Partner | Tax Law, Vancouver, BC, +1 604 631 4832, [email protected]
  • Gavin Cameron, Partner | Litigation and Dispute Resolution, Vancouver, BC, +1 604 631 4756, [email protected]
Sarah Gingrich, Partner | CO-LEADER, CAPITAL MARKETS AND MERGERS & ACQUISITIONS (CM AND M&A) Sarah Gingrich Partner | CO-LEADER, CAPITAL MARKETS AND MERGERS & ACQUISITIONS (CM AND M&A) Calgary, AB +1 587 233 4103
Gabriel Lam, Associate | Capital Markets, Mergers & Acquisitions Gabriel Lam Associate | Capital Markets, Mergers & Acquisitions Calgary, AB +1 403 261 7376
Gavin-Cameron-Vancouver-Lawyer Gavin Cameron Partner | Litigation and Dispute Resolution Vancouver, BC +1 604 631 4756