Leading Independent Proxy Advisory Firm ISS Recommends Liberty Health Science Shareholders Vote FOR Proposed Acquisition by Ayr
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TORONTO, Feb. 11, 2021 /PRNewswire/ - Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) www.libertyhealthsciences.com ( Liberty or the Company ), a provider of high-quality cannabis, today announced that leading independent proxy advisory firm, Institutional Shareholder Services ( ISS ), recommends that Liberty shareholders vote FOR the shareholder proposal relating to Ayr Strategies Inc. s (CSE:AYR.A,OTCQX: AYRWF) ( Ayr ) proposed acquisition of Liberty Health Sciences.
In its February 9, 2021 report, ISS stated: Vote FOR this proposal based on a review of the terms of the transaction, in particular, the significant premium, the favorable market reaction, and the reasonable strategic rationale.
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Ayr Strategies Inc. (CSE:AYR) (OTCQX:AYRWF) confirmed Wednesday a $75.4 million worth acquisition of Blue Camo LLC.
In November, the multi-state cannabis operator revealed its plans to acquire 100% of the membership interest of Blue Camo, an Arizona-based vertically integrated cannabis company.
Ayr agreed to provide an upfront payment of $75.4 million. Some $9.5 million of that amount is in cash, $37 million in stock (around 3.57 million shares) and up to $28.5 million in seller notes.
An extra 2 million shares will be put in escrow to be used upon completing certain milestones at the new cultivation facility.
Once the transaction closes, Ayr will obtain Blue Camo’s main operations:
January 27, 2021 at 4:49 pm Published by NCV Newswire
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Ayr Strategies Moves to Definitive Merger Agreement with Blue Camo, LLC (Arizona)
Expected Closing in Late March
TORONTO, Jan. 27, 2021 (GLOBE NEWSWIRE) Ayr Strategies Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated cannabis multi-state operator, has signed a Definitive Agreement to acquire the membership interests of Blue Camo, LLC, following the previously announced Letter of Intent.
As announced on November 4, 2020, Ayr intends to purchase 100% of the membership interests of Blue Camo, LLC, a vertically integrated operation in Arizona. Key operations include three Oasis-branded dispensaries in the greater Phoenix area, a 10,000 ft² triple-stacked cultivation and processing facility in Chandler and an 80,000 ft² cultivati