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Biggest past-year deals: Subversive Capital's acquisition of Caliva and Left Coast Ventures ($425 million) Curaleaf's acquisition of Emmac Life Sciences ($290 million) Ayr Wellness' acquisition of Liberty Health Sciences ($290 million) Key individuals: The firm declined to specify the lawyers who led its engagements for Curaleaf, Subversive, and Ayr Wellness. About: Stikeman Elliott is one of Canada's largest business law firms. The firm's lawyers worked with Curaleaf on two acquisitions, walked Ayr Wellness through its purchase of Liberty, and represented Canaccord Genuity, the financial adv...

Article content The exuberance investors showed toward special-purpose acquisition companies, or SPACs, was one of the U.S. business trends of 2020. The last year has seen some of the country’s best-known investors, including hedge-fund owner Bill Ackman and venture capitalist Chamath Palihapitiya, launch SPACs of their own, with Ackman’s Pershing Square Tontine Holdings raising US$4 billion in July, making it the biggest to date. That excitement hasn’t made it north of the border, however. This year has seen just three SPAC vehicles go public on the Toronto Stock Exchange and Neo Excha...