Our team includes corporate attorneys throughout the country who are well-versed in mergers and acquisitions, as well as advising investors and cannabis startups, emerging and growth-stage companies in structuring financing. 

We assist local, regional and national cannabis businesses and hemp operators with the purchase and sales of dispensaries and various licenses. Our transactional counsel is bolstered by a deep knowledge of the federal, state and tribal regulatory laws that govern the industry.

Select Cannabis Transaction Experience

Fox attorneys have advised:

• Jushi Holdings in the acquisition of Pennsylvania-based Franklin Bioscience in a $63 million deal.
• Trulieve Cannabis Corporation in its acquisition of Harvest Health & Recreation, serving as the company’s U.S. counsel in a $2.1 billion deal that will create the nation’s most profitable, multistate cannabis operator.
• PharmaCann, one of the largest vertically integrated cannabis companies in the United States, in a $110.4 million strategic investment deal with Cronos Group, a global cannabinoid company.
• A special purpose private equity fund formed to provide non-control debt and equity financing to cannabis businesses. Fox created the front-end fund formation documents, as well as handled the Fund’s debt and equity investment transactions.
• PharmaCann in the sale of senior secured notes to raise $120 million to finance future growth plans.
• Global tobacco company in the launch of a joint venture with merchandising company and international regulatory consulting group. The joint venture will develop secure, user-friendly solutions for age verification and age-gating e-cigarettes and other nicotine vapor devices.
• Green Growth Brands Inc. in the $54 million acquisition of all outstanding and issued shares of capital stock of Spring Oaks Greenhouses, Inc., the holder of a license to operate as a medical marijuana treatment center in Florida.
• Solar Cannabis Co., a Massachusetts-based cultivator of legal marijuana, in the closing of a $5 million credit facility. Solar will use the proceeds of the senior secured loan for business expansion.
• MINT Cannabis, a privately held, multistate operator, in a joint venture with SHANGO in the $12.5 million+ acquisition from The Cannabis Company Holdings Inc. of 14 cannabis dispensaries in Florida, two cultivation and manufacturing facilities and the MMTC license.
• AgriFORCE, an agriculture-focused technology company, in support of its initial public offering on the NASDAQ valued at $13.6 million.
• Trulieve Cannabis Corporation in completing two related transactions totaling a combined $141 million including potential earn-out payments, that together established an integrated presence for the company in Pennsylvania. 
• Trulieve Cannabis Corporation in its $6 million acquisition of Mountaineer Holding LLC, positioning Trulieve for vertical operations in West Virginia – an emerging state in the medical marijuana space. The deal involved a cultivation permit and two additional dispensary permits, resulting in six dispensaries throughout the state.
• Trulieve Cannabis Corporation in its acquisition of Solevo Wellness West Virginia LLC and its three West Virginia dispensary permits, strengthening Trulieve’s foothold in West Virginia.
• GR Companies, Inc., the largest private vertically integrated multistate cannabis operator at the time, as regulatory counsel in its cash and stock sale to Curaleaf Holdings Inc. valued at approximately $875 million. 
• Smoke Cartel, Inc., a leading e-commerce marketplace for cannabis consumption accessories and hemp-derived CBD products, in its sale to High Tide Inc., the largest Canadian retailer of recreational cannabis by revenue.
• TerrAscend Corp. in the $250 million acquisition of Ilera Healthcare, one of five vertically integrated cannabis cultivator, processor and dispensary operators in Pennsylvania.
• From the Fields as acting outside general counsel in regard to the rollout and development of an online and brick and mortar hemp CBD business.
• Private cannabis companies in both debt and equity financing transactions. 
• Canadian and U.S. public cannabis registrants in financing and M&A transactions. 
• A California-based multistate operator (MSO) in its Series B financing.
• A multistate cannabis and hemp operator in the $63 million acquisition of multiple medical marijuana entities and their associated dispensary permits in Pennsylvania.
• A multistate cannabis and hemp operator in the $12 million acquisition of an adult-use and medical marijuana dispensary in San Diego.
• A multistate cannabis and hemp operator in the $16 million acquisition of a Virginia-based cannabis business and its related production, processing and distribution license, which is one of only five allowed in the state.
• A multibillion-dollar agribusiness on the rollout of its nationwide hemp cultivation program
• A major Northeast supermarket chain on the sale of hemp CBD products
• Clients with dozens of mergers and acquisitions of cannabis licensees across the United States, including in Arizona, Arkansas, California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, Vermont and Virginia.
• A regional bank regarding cannabis banking opportunities and risks pursuant to federal laws.
• Clients in the acquisitions and sales of numerous medical and adult-use cannabis dispensaries, craft grow licenses, cultivation centers and processors in Illinois, Maryland.
• Chicago-based family office in its ongoing expansion of its cannabis holdings.
• Cannabis concentrates producers in the execution of a definitive agreement for acquisition.
• An $8 million senior secured debt facility in turbulent lending environment.