Kirkland & Ellis advised Redwood Holding Group, LLC on the sale of four operating subsidiaries to Cronos Group Inc. for $300 million.
Redwood Holding Group manufactures, markets and distributes hemp-derived cannabidiol (CBD) infused skincare and other consumer products online and through retail and hospitality partner channels in the United States under the brand, Lord Jones™. The transaction is expected to close in the third quarter of 2019, subject to customary closing conditions and regulatory approvals.
Perella Weinberg Partners LP was financial advisor to Cronos Group, and Sullivan & Cromwell LLP and Blake, Cassels & Graydon LLP served as legal counsel. Lazard Ltd. was financial advisor to Redwood Holding Group, LLC, Jeffrey D. Segal, A Professional Corporation and Kirkland & Ellis LLP serve as legal counsel.
The Kirkland team was led by transactional partner Leo Greenberg (Picture) and associates Douglas DiMedio and Carl Witkin.
Law Firms: Kirkland & Ellis;
Clients: Redwood Holding Group;