Olshan Client Gold Party Payday Enters Into Reverse Merger with Canada Cannabis

The Daily Deal (subscription required) announced that Gold Party Payday, Inc., a publicly-held company whose shares are traded on the OTC Bulletin Board, was acquired on May 20, 2014, through a reverse merger, by Canada Cannabis Corp., an early stage producer and supplier of marijuana for medical uses to be licensed in Canada. The transaction allowed shareholders of client Gold Party Payday to transition to a new management team and business in an emerging market and allows Canada Cannabis to gain access to U.S. public equity markets. Olshan Partner Spencer G. Feldman represented Gold Party Payday in this transaction.