Kirkland & Ellis advised Redwood Holding Group, LLC on the sale of four operating subsidiaries to Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) 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.
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The Kirkland team was led by transactional partner Leo Greenberg and associates Douglas DiMedio and Carl Witkin.