Jaswal Institute Advises RSquared on Sale to Tokyo Smoke

The Jaswal Institute acted as exclusive legal advisor to RSquared on the sale of its business, for cash and stock consideration, to Tokyo Smoke, which will transition RSquared to become its Canadian flagship location. Financial terms of the cash and stock deal will not be disclosed. The Jaswal Institute advisory team was led by Johnny Jaswal and included Marcin Mazierski and Justin Rosen.

Reza Yazdjerdi, Reza Sheikh, and Pouria Tehrani – directors and owners of RSquared – commented:

“I honestly want to write something that does not sound generic and doesn’t come across as cliché because words can’t describe our level of appreciation for the work that Johnny has done for our team at RSquared. We had no idea what to expect going in as we were referred to Johnny’s firm by a former client as we were randomly calling law firms to try to find a best fit for the sale of our company. Price was an issue but the most important issue on our mind was making sure that we do this right. From my first conversation with Johnny, we knew we were dealing with a professional. He was quick to respond knowledgeable and honest. He set the tone from the beginning and he established a much-needed trust right off the bat and we can truly say we were not disappointed at any time during our negotiations. He was knowledgeable, trusting and patient. He knew when to apply pressure and when to bring all parties together and create a sense of calm. It was not an easy deal and it had many turns and twist but Johnny managed to bring all the parties together. The amount of care and passion that he put into this deal has amazed us all including the other parties involved. I don’t think we told him this during the negotiations but our buyers were exceptionally amazed at his level of involvement, attention to detail and knowledge.

In short, I want to thank you Johnny for what you did for us, it has been a true pleasure and words can’t describe our level of gratitude.

Wishing you all the success going forward because I know that if we ever need a lawyer or anyone in our circle asks for a competent, caring and knowledgeable person you’d be the first on our list.”

About Tokyo Smoke

Tokyo Smoke is a cannabis-oriented consumer brand that recently raised $3 million in Series A funding. Its major investors include W. Brett Wilson (former CBC Dragons’ Den investor), Chuck Rifici (CEO at Nesta Holding Co. Ltd., co-founder of Canopy Growth Corporation, Director at Aurora Cannabis Inc., CannaRoyalty Corp. and Supreme Pharmaceuticals Inc.) and Globalive Capital Inc. (founders of Wind Mobile). In 2017, Tokyo Smoke will issue branded cannabis strains in partnership with Aphria Inc., one of Canada’s leading licensed producers of cannabis, and expand into the U.S. market.

About RSquared

Considered one of Toronto’s hippest cafes, RSquared is a top ranked coffee house located on Queen Street West, which Vogue recently ranked as the second coolest neighbourhood in the world.

About the Jaswal Institute

The Jaswal Institute is a Toronto-based business law firm that provides exceptional legal services, government relations services and a full range of related investment banking advisory services to small- and mid-market companies.

Through our expertise with respect to legal frameworks, regulations, capital markets and business issues, the Jaswal Institute provides its clients a unique outlook on the business environment, offering crucial insight into difficult but important business matters.

Our role is to provide advice and solutions to complex legal, financial and strategic issues, thus enabling our clients to maximize value and realize corporate and personal goals. For further information about the Jaswal Institute, please visit www.jaswalinstitute.com.

For further information please contact:

Johnny Jaswal
Managing Director
Jaswal Institute
Telephone: (416) 737-9653
Email: [email protected]