Transactions

We have advised and participated in many of the most notable transactions and companies in cannabis.

Fine Fettle
$ Undisclosed
Fine Fettle Divests Martha's Vineyard Vertical

Acted as Financial Advisor to Fine Fettle on the divestiture of its vertical asset package in Martha's Vineyard, Massachusetts.

*Subject to regulatory approval.

Mergers & Acquistions
June 2024
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Grön Holdings
$ Undisclosed
AFC Gamma Provides Senior Secured Credit Facility

Acted as Financial Advisor to Grön on the negotiation of it's secured credit facility with AFC Gamma.

Strategic Advisor
May 2024
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Cresco Labs logo
Cresco Labs
$6.5M USD
Cresco Labs Divests Arizona Assets to Mint Cannabis

Ran a competitive auction process, resulting in value maximization for Cresco Labs. Acted as Financial Advisor to Cresco Labs.

Mergers & Acquistions
October 2023
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Aventine Property Group logo
Aventine Property Group
$ Undisclosed
Restructured Defaulted Lease and Sale of Related License

Acted as Financial Advisor to a national cannabis REIT in identifying a new lessee on a defaulted lease transaction, as well negotiating the sale of the related license.

Restructuring
July 2023
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Cresco Labs logo
Cresco Labs
$ Undisclosed
Cresco Labs Divests Maryland Processor

SSC has served as a strategic Financial Advisor to Cresco Labs since 2020.

Mergers & Acquisitions
June 2023
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Columbia Care logo
Columbia Care
$6.9M USD
Columbia Care Divests Missouri Assets

Acted as Financial Advisor, sourcing a strategic buyer and successfully negotiated a value maximizing transaction.

*Subject to regulatory approval

Mergers & Acquisitions
March 2023
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Lyphe Group Logo
Lyphe Group Board of Directors
$ Undisclosed
Independent Valuation Work for Lyphe Group

Advised the Board of Lyphe Group, a leading UK operator, on an independent valuation for a PE-led financing and internal restructuring.

Independent Valuation
February 2023
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Revolutionary Clinics Logo
Revolutionary Clinics
$ Undisclosed
Revolutionary Clinics Restructuring Advisor

SSC has served as Chief Restructuring Officer since January 2023, leading the turnaround and restructuring of balance sheet obligations and managing of various stakeholders.

Restructuring
January 2023
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Vivo Cannabis Logo
VIVO Cannabis Inc.
$9M CAD
MediPharm Labs Corp. Acquires VIVO Cannabis Inc.

Acted as Financial Advisor to VIVO on the strategic merger with MediPharm Labs.

Mergers & Acquisitions
December 2022
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Curaleaf logo
Curaleaf Holdings Inc.
$ Undisclosed
Greenlight Acquires Arkansas Dispensary from Curaleaf Holdings Inc.

Acted as Financial Advisor to Curaleaf on the sale to Greenlight.

Mergers & Acquisitions
August 2022
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Hoodie Analytics logo
Hoodie Analytics
$ Undisclosed
Strategic Financial Advisor to Hoodie Analytics

SSC has acted as strategic Financial Advisor to Hoodie since June 2022, advising on strategy and capital market initiatives.

Strategic Advisor
June 2022
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Harborside Group logo
Harborside
$90M USD
Harborside Announces Business Combination with Urbn Leaf and Loudpack Creating StateHouse Holdings, a Leading California Cannabis Company

Navigated complexities to complete an industry first three-way California cannabis merger. Acted as Financial Advisor to Harborside.

Mergers & Acquisitions
November 2021
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Nature's Grace and Wellness logo
Natures Grace & Wellness
$ Undisclosed
Strategic Financial Advisor to Natures Grace & Wellness

SSC has acted as strategic Financial Advisor to Natures Grace & Wellness since summer 2021, advising on M&A and strategic initiatives.

Strategic Advisor
June 2021
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Apothecana logo
Apothecana
$15M USD
HempFusion Acquires Pioneering CBD Brand Apothecanna

Stoic was a principal investor in Apothecanna and helped lead a restructuring process prior to acting as Financial Advisor on the sale to HempFusion.

Mergers & Acquisitions
May 2021
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Trichome Financial logo
Trichome Financial
$70M  CAD
IM Cannabis Corp. Acquires Trichome Financial

Co-founded Trichome in 2017 to offer credit-based capital solutions to companies operating in the legal cannabis market. Brian Schinderle still serves on the Board of IM Cannabis.

Mergers & Acquisitions
March 2021
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James E. Wagner logo
James E. Wagner
$11.95M CAD
James E. Wagner Commences Sales and Investor Solicitation Process

Acted as Financial Advisor in the Sale Investor Solicitation Process (SISP) under the supervision of the Special Committee of the Board of Directors of the Corporation and Monitor.

Restructuring
April 2020
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Aphria Inc. Logo
Aphria Inc.
$ Undisclosed
Expert Work for Aphria Inc.

Acted as an expert witness for Aphria Inc. on a corporate litigation file.

Independent Valuation
June 2020
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WeedMD Inc logo
WeedMD Inc.
$103M CAD
WeedMD and Starseed Holdings Inc. Merge and Secure $25 Million Cornerstone Investment

Acted as Financial Advisor to WeedMD on the strategic merger with Starseed Holdings.

Mergers & Acquisitions
November 2019
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The Village Collaborative
$1.2M CAD
Village Bloomery Secures Strategic Investment by Canopy Growth

Acted as Financial Advisor to Village Bloomery on the strategic investment by Canopy Growth.

Mergers & Acquisitions
October 2019
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Grassroots Logo
Grassroots Cannabis
$875M USD
Curaleaf Holdings Inc. Acquires Grassroots Cannabis (GR Companies. Inc.)

Acted as Financial Advisor to Grassroots through several capital market activities, including an eventual sale to Curaleaf (closed in July 2020).

Mergers & Acquisitions
July 2019
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Whistler Cannabis Co. Logo
Whistler Cannabis
$175M CAD
Aurora Cannabis Inc. Acquires Whistler Cannabis

Acted as Financial Advisor to Whistler Medical Marijuana Cannabis (WMMC), Canada’s first certified organic cultivator, on numerous corporate initiatives including a successful sale process and value maximizing exit.

Mergers & Acquisitions
January 2019
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Tier 1 MSO logo
Tier 1 MSO
$ Undisclosed
Valuation For Tier 1 MSO On Roll-Up Transactions

Advised a Tier 1 MSO on the valuation of several single state entities prior to its go-public event.

Independent Valuation
August 2018
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Cannafarms logo
Canna Farms
$133M CAD
ABCann (VIVO) Acquires Canna Farms

Ran a competitive auction process, resulting in value maximization for all Canna Farms stakeholders. Acted as Financial Advisor to Canna Farms.

Mergers & Acquisitions
July 2018
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Canveda Logo
Canveda
$18M CAD
MPX Acquires Canveda

Ran a competitive auction process, resulting in value maximization for all Canveda stakeholders. Acted as Financial Advisor to Canveda.

Mergers & Acquisitions
June 2018
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CannaRoyalty Logo
CannaRoyalty
$28M USD
CannaRoyalty Acquires FloraCal

Provided independent valuation analysis to CannaRoyalty prior to the acquisition announcement.

Independent Valuation
April 2018
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Bloomera Logo
Bloomera Cannabis Co.
$28M CAD
RavenQuest BioMed Inc. Acquires Bloomera Cannabis Co.

Ran a competitive auction process, resulting in value maximization for all Bloomera stakeholders. Acted as Financial Advisor to Bloomera.

Mergers & Acquisitions
January 2018
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Aphria Inc. Logo
Aphria Inc.
$826M CAD
Aphria Inc. Acquires Nuuvera Inc.

Acted as Financial Advisor to Aphria on the largest ever international cannabis M&A transaction.

Mergers & Acquisitions
January 2018
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Aphria Inc. Logo
Aphria Inc.
$230M CAD
Aphria Inc. Acquires Broken Coast Cannabis

Successfully navigated a competitive auction process on behalf of Aphria, completing a market moving transaction. Acted as Financial Advisor to Aphria.

Mergers & Acquisitions
January 2018
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Tokyo Smoke logo
Tokyo Smoke
$219M CAD
Tokyo Smoke and DOJA Cannabis Co. Merge to Create Hiku Brands Company & Secure Strategic Investment From Aphria Inc.

Aaron Salz was Acting CFO of Tokyo Smoke from 2016 through early 2018, leading the company through all capital markets initiatives, including a public market exit.

Mergers & Acquisitions
December 2017
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Alliance One Logo
Alliance One International
$ Undisclosed
Consulting, Financial Modelling Work for Alliance One International

Provided financial modeling and project analysis support to Alliance One for potential participation in the cannabis industry.

Independent Valuation
December 2017
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Emblem Corp.
$ Undisclosed
Cultivation Project Analysis

Produced a comprehensive project cost and output analysis report on indoor vs. greenhouse cultivation.

Independent Valuation
November 2017
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RockGarden Logo
RockGarden Medicinals Inc.
$27.8M CAD
Cannabis Wheaton (Auxly) Acquires RockGarden Medicinals Inc.

Ran a competitive auction process, resulting in value maximization for all RockGarden stakeholders. Acted as Financial Advisor to RockGarden.

Mergers & Acquisitions
November 2017
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Romspen Logo
Romspen
$ Undisclosed
Independent Valuation Work for Romspen

Provided Romspen a comprehensive valuation and diligence report related to a potential secured loan to a California cultivator.

Independent Valuation
June 2017
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WeedMD Inc logo
WeedMD Inc.
$ Undisclosed
Long Term Strategic Advisor to WeedMD

Advised WeedMD’s Board and management on many of its most important business decisions from 2016 through the ultimate merger with Starseed Holdings in 2019.

Strategic Advisor
December 2016
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