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Majesta Minerals Inc. Announces Definitive Agreement for Reverse Takeover by Verano Holdings, LLC

Majesta Minerals Inc. Announces Definitive Agreement for Reverse Takeover by Verano Holdings, LLC
Calgary, Alberta (Newsfile Corp. - December 15, 2020) - Majesta Minerals Inc. ( Majesta or the Company ) announced that it entered into a definitive arrangement agreement (the Definitive Agreement ) today related to the proposed business combination (the Transaction ) with industry-leading, Chicago-based cannabis company Verano Holdings, LLC ( Verano ). The Definitive Agreement sets out the proposed terms and conditions pursuant to which Majesta and Verano will effect a business combination that will result in a reverse takeover of Majesta by the securityholders of Verano as well as the completion of the merger previously announced by Verano with Alternative Medical Enterprises, LLC, Plants of Ruskin, LLC, and affiliated companies (collectively, the AME Parties ). The resulting issuer under the Transaction (the Resulting Issuer ) will be known as Verano Holdings Corp. ....

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Verano Holdings Seeks to Raise $50-100 Million in Process to List on the CSE in Q1 – New Cannabis Ventures

December 15, 2020 at 7:28 am
Published by NCV Newswire
Verano Holdings Enters into an Agreement for a Go-Public Transaction in Conjunction with AltMed Merger
CHICAGO, Dec. 15, 2020 (GLOBE NEWSWIRE) Verano Holdings, LLC (“Verano” or the “Company”), a leading multi-state cannabis operator, today announced it has entered into a definitive agreement to consummate a go-public transaction in Canada (the “Transaction”). The Transaction will be effected by Verano participating in a reverse takeover (the “RTO”) of Majesta Minerals Inc. (“Majesta”), a reporting issuer in Alberta, Canada, with the resulting Canadian reporting company being named “Verano Holdings Corp.” (the “Resulting Issuer”). The consummation of the Transaction is subject to the approval of Majesta’s shareholders, antitrust and other regulatory approvals, court approval and other customary closing conditions. It is a condition of closing that the subordinate voting shar ....

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