Three tobacco companies are required to pay out $32.5 billion in compensation funding after an Ontario court approved the historic settlement on Friday.

The compensation plan happens to be the largest in Canadian history and third largest from anywhere in the world.

Saskatchewan will receive a $700 million piece of the pie, which the province hopes to put towards “supporting our ongoing cancer care and prevention efforts for the people of our province.”

The settlement is part of a legal battle, that dates back decades, regarding health-care costs related to smoking.

The three tobacco giants on the line for this one are TI-Macdonald Corp., Imperial Tobacco Canada Ltd., and Rothmans, Benson & Hedges.