Jonathan Sherman is a partner at Cassels Brock & Blackwell LLP and the Co-Chair of the Cannabis Law Group. Jonathan is routinely retained to act on behalf of a wide variety of cannabis industry participants, including: licensed and pre-licensed cultivators, processors and retailers in Canada, the US and other international jurisdictions; pharmaceutical, beverage and consumer goods companies seeking opportunities in the emerging global cannabis sector; and other ancillary businesses.
With corporate clients ranging from start-ups to multibillion-dollar businesses, Jonathan’s practice focuses on mergers and acquisitions (public and private acquisitions, business combinations, joint ventures, go-public transactions and strategic collaborations) and corporate finance transactions (public offerings, venture capital, private equity offerings and debt financing transactions). Jonathan has also been involved in other domestic, cross-border transactions for cannabis industry participants, including: various private equity investments for emerging companies; reverse takeover transactions; joint ventures; and acquisitions and investments in companies both in Canada and abroad (the US, Italy, Denmark, Poland, Greece, Czech Republic, Colombia, Jamaica, Brazil, Chile, Australia and Lesotho).
Whether strategically guiding clients through M&A, or helping emerging start-ups secure investments, Jonathan has been a trusted advisor on many of the largest transactions completed to-date in the nascent cannabis industry. He advised Canopy Growth on: their listing as the first-ever cannabis company on the New York Stock Exchange; over $1 billion of M&A transactions; the $600 million offering of senior convertible unsecured notes – the largest convertible debt financing to-date completed by a company listed on a Canadian stock exchange; the joint venture, licensing and development of the largest cannabis production facility in the world; and various supply and processing arrangements involving (among others): MediPharm Labs, 48North, Radicle Cannabis, James E. Wagner Cultivation, Neptune Technologies & Bioresources, and Centric Health.