Krispy Kreme, Inc. (NasdaqGS:DNUT) entered into a definitive agreement to acquire a 60% stake in Krispy K Canada on September 30, 2021. Operating partners Christopher Lindsay and Kelcey Hamaker will remain as co-Chief Executive Officers of the entity after the transaction is completed. Following this transaction, Krispy Kreme will control 75% of sales across its global network.

The transaction is expected to close in Q4 of 2021. Frank Robinson, Luke Woolford, Andrew Reback, Adrian Jakibchuk, Ardy Mohajer, Chandimal Nicholas, Geraldine Reyes, Veronica Ma, Genalyn Urquico, Colleen Rusnov and Jessica Kotsopoulos of Cassels acted as Canadian counsel to Krispy Kreme Inc., alongside Arent Fox LLP as US counsel.