Deal Snapshot
BevCanna Closes Acquisition of Canadian Beverage Manufacturer Naturo Group
Tuesday 23 February 2021

Canadian cannabis-infused beverages company, BevCanna Enterprises Inc. (CSE: BEV) (Q: BVNNF) (FSE: 7BC) has closed the acquisition of all issued and outstanding shares of Canada-based beverage manufacturer Naturo Group Investments Inc., the company said.

Under the deal, the company acquired all of Naturo's Securities in exchange for the issuance of approximately 50m common shares of the Company at a deemed price of CDN 0.40 per consideration share. Naturo's 315-acres of outdoor cultivable land and 40,000 sq. ft. high-capacity beverage facility valued at CDN 10.4m, optimized for both traditional and cannabis-infused beverage manufacturing.

Date Published: 23/02/2021