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NEW YORK, April 28, 2021 (GLOBE NEWSWIRE) Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF) a vertically integrated,. ....
Vertically integrated cannabis company Acreage Holdings, Inc. (OTCQX: ACRGF) has sold its Florida operations to Red White & Bloom Brands, Inc. (CSE:RWB) (OTCQX: RWBYF). The New York-based company said Wednesday it has closed apreviously announced deal to divest 100% of its Acreage Florida, Inc. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: ....
Red White & Bloom Brands, Inc. (CSE:RWB) (OTCQX:RWBYF). The New York-based company said Wednesday it has closed apreviously announced deal to divest 100% of its Acreage Florida, Inc. subsidiary to RWB. The Acreage Deal Details: Under the terms of the agreement with Acreage’s subsidiary High Street Capital Partners LLC, RWB opted to purchase all of the issued and outstanding shares of common stock of Acreage Florida Inc. for $60 million. The price tag includes $5 million in an upfront cash payment, an additional $20 million in cash, $7 million in RWB’s common stock and $28 million in vendor take-back promissory notes. The deal also includes the sale of Acreage s Sanderson-based facility comprised of more than 15 acres of land with a roughly 11,000-square-foot cultivation area as well as a freestanding administrative office building spanning 4,000 square feet. ....
TORONTO, April 28, 2021 (GLOBE NEWSWIRE) Red White & Bloom Brands Inc. (CSE: RWB and OTC: RWBYF) (“RWB” or the “Company”) is pleased to announce. ....
Author Bio Zhiyuan Sun is a statistician with a knack for analyzing clinical trials and company financials. Investing in healthcare and cannabis is his passion, as well as looking out for new, actionable stock investment ideas in these sectors. Fool since April 2020. Lives in Québec City, Canada. Follow @Bio Chameleon Over the past 12 months, the S&P 500 has delivered an impressive 48% return. However, the index is now at its third most-expensive level in history, with a price-to-earnings (P/E) ratio of 42. With that run-up behind us, it has become more challenging to pick up good new investments without paying an excessive premium. Still, will a little extra legwork, some relative bargains can be found. ....