Thomson Geer has advised Red Light Holland Corp on its acquisition via a scheme of arrangement of Creso Pharma Limited at an implied value of A$169 million.
Red Light Holland Corp is a Canadian public company engaged in the production, cultivation, and sale of magic truffles to the legal recreational market in the Netherlands. Creso Pharma Limited is an Australian public company engaged in developing and commercializing pharmaceutical-grade cannabis and hemp-based therapeutic products and treatments.
The acquisition is valued at AUD$169m, with the merged company pro forma equity valued at AUD$371m.
The Thomson Geer team consisted on partners Scott Gibson and Michael Ng, senior associate Christopher Seotis, lawyer Kajal Parmar and law graduate Dan Smailes.