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Aurora Cannabis acquires controlling interest in Bevo Agtech

Fasken
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Overview

Client

Bevo Agtech Inc.

Aurora Cannabis Inc., through a wholly-owned subsidiary, acquired 50.1% of the outstanding common shares of Bevo Agtech Inc. (“Bevo”).

Total cash consideration was approximately $45 million on closing, with up to an additional $12 million payable to the selling shareholders of Bevo over the three years following the closing.

Fasken advised Bevo with a team that included Steve Saville (M&A), Marco Maduri (M&A), and Michael Coburn (Tax).

Jurisdiction

  • British Columbia

Team

  • Steve Saville, Partner, Vancouver, BC, +1 604 631 3150, ssaville@fasken.com
  • Marco Maduri, Associate, Vancouver, BC, +1 604 631 4853, mmaduri@fasken.com
  • Michael Coburn, Partner, Vancouver, BC, +1 604 631 4832, mcoburn@fasken.com