Sustainable Produce Urban Delivery Inc.’s Reverse Takeover of Freshlocal Solutions

Fasken acted as legal counsel to Sustainable Produce Urban Delivery Inc.

On April 16, 2021, Freshlocal Solutions Inc. (formerly Rainy Hollow Ventures Inc.) (TSX0V: RHV.P) completed its previously announced qualifying transaction which consisted of a reverse take-over of the Freshlocal Solutions by Sustainable Produce Urban Delivery Inc. (“SPUD”), an online grocery service operating in British Columbia and Alberta that predominantly focuses on selling organic groceries, by way of a statutory plan of arrangement in accordance with the previously announced arrangement agreement dated December 21, 2020, as amended on March 9, 2021, between the Freshlocal and SPUD.

Freshlocal Solutions’ common shares are trading on the TSX under the symbol “LOCL”.

The Fasken team comprised of  Sébastien Bellefleur (Picture), Monica Dingle, Janie Harbec, Jean-Philippe Côté, Oleg Stratiev, Laura Fabi, and Rosemary McCabe. 

Involved fees earner: Sébastien Bellefleur – Fasken Martineau; Jean-Philippe Côté – Fasken Martineau; Monica Dingle – Fasken Martineau; Janie Harbec – Fasken Martineau; Oleg Stratiev – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: Sustainable Produce Urban Delivery Inc.;

Martina Bellini

Author: Martina Bellini