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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, sgingrich@fasken.com
  • Gabriel Lam, Associate | Capital Markets, Mergers & Acquisitions, Calgary, AB, +1 403 261 7376, glam@fasken.com
  • Michael Coburn, Partner | Tax Law, Vancouver, BC, +1 604 631 4832, mcoburn@fasken.com
  • Gavin Cameron, Partner | Litigation and Dispute Resolution, Vancouver, BC, +1 604 631 4756, gcameron@fasken.com