Jushi Holdings to Acquire Nature’s Remedy in Massachusetts
Chris Furnari - Apr 19, 2021 at 12:06 PM
Jushi Holdings will enter the Massachusetts cannabis market via the acquisition of Nature’s Remedy, a vertically integrated operator with two adult-use retail dispensaries and a 50,000 sq. ft. cultivation and processing facility.
The cash-and-stock transaction is valued at $110 million, and includes a $40 million cash payment, $55 million in stock and a $5 million promissory note.
An additional $10 million in stock-based milestone payments is also up for grabs once the deal closes during the second half of 2021.
“This acquisition will enable us to rapidly build scale in an important, maturing adult-use market with a defensible retail position and a solid cultivation footprint with significant opportunities to expand,” Jushi CEO Jim Cacioppo said in a news release.
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April 19, 2021 at 7:30 am Published by NCV Newswire
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Jushi Holdings Inc. to Expand Footprint Through Acquisition of Vertically Integrated Massachusetts Operator
Acquisition to Include Two Retail Dispensaries and a Cultivation and Product Manufacturing Facility
Jushi to Enter Its Seventh State and Expand Retail Footprint to 19 Dispensaries Nationwide
BOCA RATON, Fla., April 19, 2021 (GLOBE NEWSWIRE) Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator announced that it has reached a definitive binding agreement (the “Agreement”) to acquire Nature’s Remedy of Massachusetts, Inc. and certain of its affiliates (collectively, “Nature’s Remedy”), a vertically-integrated single state operator in Massachusetts, for total consideratio
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United Rentals to Acquire General Finance Corporation
April 16, 2021 GMT
STAMFORD, Conn. & PASADENA, Calif. (BUSINESS WIRE) Apr 15, 2021
United Rentals, Inc. (NYSE: URI) (“United Rentals” or “the company”) and General Finance Corporation (NASDAQ: GFN) (“General Finance”) today announced their entry into a definitive agreement under which United Rentals will acquire General Finance for $19 per share in cash, representing a total enterprise value of approximately $996 million, including the assumption of $400 million of net debt. The transaction is expected to be accretive to EPS and free cash flow upon close.