South West Terminal Ltd. acquires minority interest in Independent Crop Inputs and the parties form Joint Venture to operate a retail agribusiness at Whitla, Alberta

On November 21, 2025, Independent Crop Inputs Inc. (the “ICI”), a Canadian agricultural inputs company, completed a strategic equity transaction pursuant to which certain of its shareholders sold a minority of  ICI’s voting shares to South West Terminal Ltd. (“SWT”), a widely-held, producer owned agribusiness headquartered in Gull Lake, Saskatchewan. In conjunction with such equity transaction, ICI and SWT also entered into a 50/50 joint venture to offer ag inputs, fertilizer, grain transloading and logistics services at SWT’s Whitla, Alberta facility (the “Transaction”).

Fasken advised the Company in connection with the Transaction with a team comprised of Bradley Schneider, Andrew Burt, and Josh Ezekiel (Articling Student).