Our Equity Capital Markets and Cannabis sector teams have advised pan-European medical cannabis company Kanabo Group Plc on its £13.5 million acquisition of The GP Service Limited, a UK based private primary care telemedicine provider.
The team from Gowling WLG was led by partner Hugh Maule , supported by client partner and head of Gowling WLG's UK Cannabis Group Samantha Myers, legal director Sue Johnston, principal associate Elizabeth Emerson, associates Helena David and Abby Parkin and trainee solicitor Hannah Barnett.
Commenting on the deal, Hugh said: "The medical cannabis space continues to be an exciting arena for innovative and enhancing acquisitions – and this is the latest example of that. It has been a pleasure to work with Kanabo and we look forward to seeing how the company develops out this nascent market with its newly acquired business to help it do so."
Samantha commented: "We are delighted to have supported Kanabo on this transaction which is an important part of its growth strategy. We look forward to seeing the positive impact this has on patient's access to medicinal cannabis products."
With offices across Canada, the UK, Europe, Russia, Asia and the Middle East – as well as an established network of professionals in South Africa, Australia and South America – the Capital Markets team utilises its understanding of local markets to navigate issues across multiple jurisdictions. The team has vast experience in fundraising ventures and acting for capital markets participants taking great pride in what they help their clients achieve.