قالب وردپرس درنا توس
Home / Business / Canopy Growth up 9% premarket on takeaway of cannabis operator in USA – Acreage Holdings, Inc. (OTCMKTS: ACRGF)

Canopy Growth up 9% premarket on takeaway of cannabis operator in USA – Acreage Holdings, Inc. (OTCMKTS: ACRGF)



Canopy Growth (NYSE: CGC) has entered into an agreement to purchase Acreage Holdings (OTCQX: ACRGF) for $ 300M in cash plus 0.5818 CGC shares for each corporation subordinate voting share representing a total transaction value of ~ $ 3, 4B.

Shareholder shareholders, provided they vote for the demerger, will own ~ 12.1% of the CGC after the deal is completed on a pro forma basis, which may increase to 16.6% if certain acquisitions are completed before the federal legalization of cannabis in

A single majority of CGC shareholders must also bless the transaction.

The parties will conduct a license agreement that grants equity approval to CGC's range of brands, including Tweed and Tokyo Smoking, along with other intellectual property.

Acreage owns or has service agreements for cannabis licenses in 20 states, including 87 dispensers and 22 cultivation and treatment centers.

Constellation Brands (STZ +2.2% ), the owner of a 36.6% stake in CGC, is up to average volume.


Source link