Planet 13 acquires Next Green Wave

Company

Next Green Wave Holdings (NGW)

Law Firm / Organization
McMillan LLP
Lawyer(s)

Arman G. Farahani

Law Firm / Organization
Farella Braun + Martel
Lawyer(s)

Ryan Lowther

Company

Planet 13 Holdings Inc.

Planet 13 Holdings Inc. completed its previously announced agreement with Next Green Wave Holdings Inc. (NGW) wherein Planet 13 has agreed to acquire all of the issued and outstanding common shares of NGW, for a total consideration of approximately $91 million.

Wildeboer Dellelce LLP and Cozen O'Connor acted as legal advisors to Planet 13.

Beacon Securities Limited acted as financial advisor to Planet 13 and provided a fairness opinion to the Planet 13 board of directors.

McMillan LLP and Farella Braun + Martel LLP acted as legal advisors to Next Green Wave.

INFOR Financial Inc. acted as the financial advisor to NGW. INFOR Financial Inc. and Evans & Evans, Inc. each provided a fairness opinion to the NGW Board and the Special Committee.

Merger & Acquisition
Agriculture
$ 91,000,000
Closed
02 March 2022