Apr. 22, 2020 - In Chandler v Volkswagen Aktiengesellschaft, the Superior Court of Québec recently dismissed a securities class action brought against Volkswagen Aktiengesellschaft (VW). It did so even though the Court had previously dismissed VW’s jurisdictional arguments at the authorization...
Couche-Tard Makes Strategic Investment in Cannabis Retailer Fire and Flower
Davies assisted its client, Alimentation Couche-Tard Inc., in accelerating its move into Canada’s flourishing cannabis sector through a strategic investment in Fire & Flower Holdings Corp., a leading independent cannabis retailer based in Edmonton, Alberta.
Couche-Tard’s initial $25.9-million investment, which was subject to regulatory approvals, gave it rights to 9.9% of Fire & Flower’s equity and the potential to increase its stake to 50.1%.
Fire & Flower will use the funds to develop its Hifyre digital retail platform and expand its network of 23 cannabis outlets in Alberta, Saskatchewan and Ontario.
The investment builds on Couche-Tard’s initial foray into cannabis retailing – a multi-year partnership with retailer Canopy Growth Corp. to support a privately run cannabis shop in Ontario.
Mar. 24, 2020 - In a swift response to the COVID-19 pandemic, on March 4, 2020, the U.S. Securities and Exchange Commission (SEC) issued an order providing temporary conditional relief for SEC registered issuers and other persons that are unable to meet a filing deadline as a result of COVID-19. Subject to...