find the latest legal job
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Solicitor - Insurance and Health
Category: Insurance and Superannuation Law | Location: Newcastle NSW 2300
· Dynamic organisation · Outstanding career opportunity
View details
Solicitors Barrister and Registered Migration Agents
Category: Generalists - In House | Location: North Sydney NSW 2060
· We are an established multi-disciplinary practice located in North Sydney. ·
View details
Commercial/Projects Lawyer (4+ PAE)
Category: Corporate and Commercial Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Fantastic, supportive working environment · Wide variety of work, direct client contact
View details
In-house Property Lawyer - 2-4 year PQE | Dynamic High Impact Role
Category: Generalists - In House | Location: Melbourne VIC 3004
· Large multi-disciplinary in-house team
View details
Blazing a trail in the cannabis market

Blazing a trail in the cannabis market

Alan Jessup

A medical cannabis company has been advised on its initial public offering and ASX listing.

Firm: Piper Alderman (The Hydroponics Company Limited)

Deal: The Hydroponics Company Limited (THC) has completed its IPO and listing on the ASX.

Value: $15.7 million

Area: Corporate

Key players: Corporate partner Alan Jessup (pictured) and special counsel Dahnia Mithiran led the Piper Alderman team advising THC.

Deal significance: THC has completed its IPO and ASX listing, aiming to capitalise on the growing medical cannabis industry.

Its goal is to become a leading worldwide cannabis business, focusing on the manufacturing and distribution of hydroponics equipment and cannabis products, as well as large-scale greenhouse design and construction.

“This IPO is the result of the aggregation of a number of businesses including the breeding, variety selection and growth management of cannabis sativa, resulting in the company being well-placed to take advantage of the new regulatory regime in relation to the production and manufacture of medicinal cannabis,” said Piper Alderman partner Alan Jessup.

However, further legislative change is needed before Australia’s medical cannabis industry can truly open up, according to Mills Oakley partner Dr Teresa Nicoletti.


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Chain
Jul 21 2017
Podcast: Combating modern slavery
In this episode of The Lawyers Weekly Show, Tom Lodewyke is joined by Veronica Rios, the executive m...
Businessmen and women
Jul 20 2017
Women outnumber men in legal profession
A report has found that women outnumbered men in the Australian legal profession in 2016 for the fir...
Leadership, manager, boss, leader, team members
Jul 20 2017
Do we have a leadership crisis in law?
Do you work for a ‘pacesetter’, the partner who rewrites perfectly fine reports, has little posi...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...