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List: Top Law Firms Advising on Marijuana Deals Worth Billions

Biggest past-year deals: Subversive Capital s acquisition of Caliva and Left Coast Ventures ($425 million) Curaleaf s acquisition of Emmac Life Sciences ($290 million) Ayr Wellness acquisition of Liberty Health Sciences ($290 million) Key individuals: The firm declined to specify the lawyers who led its engagements for Curaleaf, Subversive, and Ayr Wellness. About: Stikeman Elliott is one of Canada s largest business law firms. The firm s lawyers worked with Curaleaf on two acquisitions, walked Ayr Wellness through its purchase of Liberty, and represented Canaccord Genuity, the financial advisor to the cannabis SPAC Subversive Capital Acquisition Corp., in its complex merger From 2015 to 2018, Stikeman regularly worked with Aphria, with The Globe and Mail reporting that the two parted ways after a transaction that drew short-seller scrutiny. The firm declined to comment.

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