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XS Financial Upsizes Lease Facility With Ayr Wellness Up To $21 4M
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Jonathan Sandelman
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Ayr Wellness Cannabis Co Gets Green Light To Sell At Two Boston Dispensaries, Triples Grow Capacity In Massachusetts
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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.
Author Bio
Zhiyuan Sun is a statistician with a knack for analyzing clinical trials and company financials. Investing in healthcare and cannabis is his passion, as well as looking out for new, actionable stock investment ideas in these sectors. Fool since April 2020. Lives in Québec City, Canada. Follow @Bio Chameleon
Founded in 2017,
Ayr Wellness (OTC:AYRW.F) has quickly become one of the most popular cannabis brands. On April 26, it opened its 50th dispensary, with plans to bring that number over 60 by the end of the year. The company has a vast selection of flowers, pre-rolls, concentrates, vapes, tinctures, topicals, as well as edibles.