Dentons advised Canopy Growth Corp. (Canopy) on a novel, groundbreaking strategy to accelerate its entry into the US cannabis industry through the creation of a new, US-domiciled holding company, Canopy USA LLC (Canopy USA). Kelly Fair, an Oakland-based partner in Dentons’ Cannabis practice, was an early architect of the structure and rapidly assembled a team with the requisite knowledge and experience in corporate transactions, regulatory compliance, employment, and tax strategy to advise on and document the reorganization, the holding company’s formation and ultimately transacting to create the critical first layer of ring-fencing of the holding company, all of which unlocked Ontario-based Canopy’s growth opportunity in the projected $50 billion US market. 

Other members of the Dentons team included Corporate partner Michael Froy and senior managing associate Zac Moskowitz in Chicago; Pension, Benefits and Executive Compensation partners Michael Maryn (Washington, DC) and Katharina Babich (Kansas City); Litigation and Dispute Resolution partner Erin Bass (Los Angeles); Tax partner Rich Williams (New York); and Cannabis partner Eric Berlin and senior managing associate Joanne Caceres.

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