Mergers and Acquisitions

TerraFarma in its up to $68 million acquisition by Aurora Cannabis

TerraFarma
Key Contact
Trevor R. Scott

Partner, Corporate, Vancouver

Team
Joanna Cameron

Partner, Corporate, Vancouver

Andrew MacDougall

Partner, Corporate, Toronto

Nicole Cargill

Associate, Corporate, Vancouver

Wesley Cohen

Associate, Corporate, Toronto

Richard M. Borins

Partner, Financial Services, Toronto

Yasir Samad

Associate, Financial Services, Toronto

Matthew Ritchie

Partner, Real Estate, Toronto

Mark Sheeley

Partner, Disputes, Toronto

Shawn Irving

Partner, Disputes, Toronto

 

On May 5, 2022, TerraFarma, the parent company of Thrive Cannabis, was acquired by Aurora Cannabis, a global leader in the cannabis industry, for $38 million, plus additional earnouts of up to $10 million for satisfying certain near-term revenue targets and up to $20 million for satisfying certain long-term revenue targets.  

TerraFarma is a vertically integrated cannabis company and is most widely known for its award-winning flagship brand, Greybeard Cannabis Co., which specializes in premium quality, small-batch craft cannabis concentrates and flower products. TerraFarma is also known for its adult-use wellness-oriented brand, Being.  The TerraFarma team leverage their expertise in cannabis cultivation, extraction and product development with a singular focus on delivering the highest quality standard products to consumers.   Osler, Hoskin & Harcourt LLP advised TerraFarma with a team led by Trevor Scott and Joanna Cameron and including Andrew MacDougall, Nicole Cargill, Meghan Young, Wesley Cohen (Corporate), Richard Borins, Yasir Samad, Anxhela Adhamidhis (Financial Services), Matthew Ritchie (Real Estate), Shawn Irving and Mark Sheeley (Litigation). 

Value
$68 million
Date Closed
May 5, 2022
Lead Office
Vancouver
Key Contact
Trevor R. Scott

Partner, Corporate, Vancouver

Team
Joanna Cameron

Partner, Corporate, Vancouver

Andrew MacDougall

Partner, Corporate, Toronto

Nicole Cargill

Associate, Corporate, Vancouver

Wesley Cohen

Associate, Corporate, Toronto

Richard M. Borins

Partner, Financial Services, Toronto

Yasir Samad

Associate, Financial Services, Toronto

Matthew Ritchie

Partner, Real Estate, Toronto

Mark Sheeley

Partner, Disputes, Toronto

Shawn Irving

Partner, Disputes, Toronto