Fox Serves as Regulatory Counsel in Cannabis Acquisition to Create Worldwide Industry LeaderAugust 18, 2020 – Press Releases
William Bogot and Joshua Horn, co-chairs of the nationwide Cannabis Law Group at Fox Rothschild LLP, served as regulatory counsel to GR Companies, Inc. (Grassroots) in its sale to Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) (Curaleaf) to create the world’s largest cannabis company by revenue and the most diversified vertically integrated cannabis company in the United States.
The transaction expands Curaleaf’s presence from 18 to 23 states, with the combined company having affiliated operations spanning over 135 dispensary licenses, 88 operational dispensary locations, over 30 processing facilities and 22 cultivation sites with 1.6 million square feet of current cultivation capacity. Curaleaf’s expanded geographic dispensary presence now offers access to medical or adult use Cannabis to more than 192 million people, or roughly two-thirds of the United States population.
Named Trailblazers in Cannabis Law by The National Law Journal, and nationally ranked as leading cannabis lawyers by Chambers USA, Bogot and Horn led the Fox team to advise Grassroots on issues relating to regulatory requirements to effectuate the multistate merger and transfer of ownership or other interests to the acquirer.
Fox’s Cannabis Law Group, named a Law360 Practice Group of the Year, is made up of a nationwide network of attorneys who counsel growers, distributors, processors, investors and others, including suppliers of ancillary products and services, in corporate, regulatory, mergers and acquisitions, litigation and tax matters.
Bogot and Horn were assisted on this landmark deal by Fox attorneys Andrew M. Halbert and Ellis W. Martin.
*Please be mindful that possessing, using, distributing and/or selling marijuana is a federal crime, and no legal advice we give is intended to provide any guidance or assistance in violating federal law nor will it provide any guidance or assistance in complying with federal law. Please also note that we are not advising you regarding the federal, state or local tax consequences of engaging in any business in this industry.