Dentons has advised Ontario-based Canopy Growth Corp. on its acquisition of British skincare and well-being business This Works for £43 million ($73.2 million).
Dentons has advised Ontario-based Canopy Growth Corp. on its acquisition of British skincare and well-being business This Works for £43 million ($73.2 million).
Canopy Growth is a diversified company specializing in cannabis and cannabis devices and hemp, headquartered in Smith Falls, Ont. Meanwhile, London, England-based This Works offers a variety of natural skincare and sleep solution products, including a deep sleep pillow spray that is being sold across Europe, the U.K., China and the U.S.
According to a statement by Dentons, the acquisition is a key aspect of Canopy Growth’s multi-faceted hemp and CBD strategy, which builds on its vertically integrated production and marketing platform. Canopy Growth seeks to introduce CBD-infused products and brands to the global beauty, wellness and sleep solution space.
“We are delighted to have advised Canopy Growth, one of the biggest cannabis companies in Canada, on this transaction,” said Francesca Bettermann, counsel in Dentons' U.K. corporate team. “Its acquisition of This Works will connect a leading U.K.-based wellness brand with a world-leading diversified cannabis and hemp company."
