On July 14, 2016, SkyLaw client PharmaCan Capital Corp. (TSX-V: MJN) announced that it entered into a share purchase agreement to acquire Peace Naturals Project Inc. PharmaCan is a merchant bank focused on investing in Canada’s medical marijuana industry. Peace is licensed by Health Canada as a producer and distributor of medical marijuana and has state-of-the-art facilities capable of producing three million grams of marijuana annually.
The Canadian medical marijuana industry is booming with monthly growth in patients of 10% according to The Globe and Mail. We expect to see a lot more M&A activity in this red hot industry. “Stay tuned…”
Each year we invite a student to join us for the summer to gain experience working in a law firm. This year we are pleased to have Ian Johnston join us. He is taking the lead on some of SkyLaw’s projects including putting together a business plan for our expanded corporate services group.
• SkyLaw Team Enjoys Summer Social Events
So far this summer, the SkyLaw team has enjoyed a Blue Jays game, a fun day of golfing, and a sailing excursion around the Toronto islands. Our golf day was held at Dentonia Golf Course on July 15 and featured a lesson with a golf pro, a friendly round of golf, followed by a barbecue dinner. We are so proud of our senior law clerk, Devi Panday, who played golf for the first time and got a birdie on her third hole! Special thanks to Maya Bretgoltz, our 2015 summer student, for the gift of personalized “SkyLaw” golf balls!
• SkyLaw Continues to Innovate
Kevin Brings Innovation to TorontoKevin West is pleased to be a founding member of the Innovators Alliance Toronto chapter. The Innovators Alliance is a network of Chief Executive Officers of high performing enterprises. As SkyLaw enters its sixth year in business this fall, this is an ideal time for us to focus on the business of law and further growth through innovation.
SkyLaw Becomes SEDAR Filing Agent
SkyLaw is pleased to announce that we are now a SEDAR filing agent. Please contact us to discuss how we can help your company complete SEDAR filings such as exempt trade filings.
• Client Spotlight: Purpose Capital Inc.
Purpose Capital Inc. is SkyLaw Client #005. We helped the founders to incorporate back in 2010 and have grown along with them, working on their shareholder agreement and corporate governance as well as advising on some of their key investments and projects.
The team at Purpose Capital works to develop impact investment strategies that mobilize all forms of capital to accelerate social progress.
Purpose Capital is a certified B Corporation, meeting the high standards set for social and environmental performance.
We look forward to many more years working with the team at Purpose Capital.
Kevin West has been invited to speak at the 2016 annual conference for the Canadian Society of Corporate Secretaries (CSCS) held in Whistler, BC in August. Kevin will be speaking on critical issues in governance, namely the role of the Board in special situations(M&A, going private transactions, spinoffs, etc.).
SkyLaw is a proud corporate partner of Women Get On Board (WGOB) in Toronto, Ontario.
Kevin West will moderate their upcoming event, “How to Chair a Board or Committee”.
Their roundtable events empower women on their journey to corporate boards by sharing lessons learned and building connections.