Press Release
December 27, 2021

Goodwin Led Four of the Top Ten Cannabis Deals in 2021

The Cannabis team advised on four of the top ten cannabis deals of 2021 highlighted by Law360. Clients and transactions included:

  • Toronto-based SPAC Mercer Park Brand Acquisition Corp. on regulatory matters in connection with its $567 million acquisition of Glass House Group and all related assets. Glass House is California’s largest cannabis producer, and the combination creates the most expansive, fully integrated cannabis business in the world’s largest cannabis market.

  • Dutchie, a cannabis technology platform focused on providing consumers with safe and easy access to cannabis, in two deals that made the top ten this year. Goodwin’s Cannabis, Technology and Private Equity teams advised Dutchie in its $200 million Series C financing round and acquisition of Greenbits and LeafLogix Technologies.

  • Goodwin also advised Dutchie on its $350 million Series D financing round in October 2021. The Series D valued Dutchie at $3.75 billion, more than doubling the company's valuation in less than seven months.

  • Cannabis retailer MedMen’s restructuring, including handling of the regulatory work for global private equity firm Serruya Private Equity and its related subscribers to the $100 million in equity.

Goodwin was the very first AmLaw 50 firm to formally establish its cannabis practice, and continues to represent the innovators and investors transforming the rapidly evolving market. To learn more about Goodwin’s Cannabis practice, watch this animated video.