Westbloom is a Calgary-based cannabis and associated products retailer. Spyder is an Ontario-based, retail, distribution and branding company pursuing expansion into the legal cannabis market with stores in Ontario and Alberta. Spyder has developed a scalable retail model with aggressive expansion plan to create a significant retail footprint with targeted and disciplined retail distribution strategy focusing on Canadian locations in high traffic peripheral areas.
Redcap&Truss acted as the exclusive financial advisor to Westbloom shareholders and facilitated the sale by:
- Developing a sales strategy, creating the marketing plan and materials and identifying and approaching prospective buyers (both strategic buyers)
- Working with Westbloom’s counsel on drafting and negotiating the final form of definitive documentation with Spyder
If you are interested in learning more about selling your business, the current market environment or are looking to acquire, please contact us.