Hunter Forman, a lawyer in Torkin Manes’ business law and cannabis law groups, reached out to his colleagues at Russell Kennedy (Melbourne and Sydney) for assistance with the Australian aspects of the transaction. Led by principal Andrew Parlour and special counsel Rory Maguire, with additional support from associate Stephanie Quatela, the Russell Kennedy team helped Peak negotiate a complex suite of cross-border acquisition documentation and ensure regulatory and shareholder approval requirements. The team also provided advice on Australian regulatory requirements. The transaction closed successfully in mid-October 2019.
Peak is a natural fit for Althea, noted Rory Maguire, adding, “Peak is a market leader in the extraction and manufacturing of cannabis infused products and the acquisition offers significant opportunities into the Canadian market for Althea, in particular given the new Canadian cannabis regulations.” Regarding the work between Torkin Manes and his firm, Andrew Parlour said, “This is a great example of Ally Law members working together.”