Liberty Health Sciences (CSE:LHS) (OTCQX:LHSIF) in a $290-million stock-for-stock transaction.
With the deal, Liberty shareholders will obtain roughly 13.1 million new Ayr shares, or 0.03683 Ayr shares for each Liberty share.
In addition, Ayr said it will acquire Liberty s Gainesville-based cultivation campus, which spans 387 acres, over 300,000 square feet of production facilities, 28 operating dispensaries and seven ready-to-open dispensaries, as well as seven more in the build-out phase.
Ayr s New Jersey Acquisition
: The Toronto-based company confirmed it s purchasing the membership interests in the New Jersey-based operator Garden State Dispensary NJ LLC for an upfront payment of $101 million.
Pursuant to the deal, Ayr will obtain three open dispensaries, as well as cultivation and production facilities spanning 30,000 square feet, with an additional 75,000 square feet under construction.