Deal Snapshot
CRESCO LABS CLOSES ACQUISITION OF CALIFORNIA CANNABIS FIRM ORIGIN HOUSE
Monday 13 January 2020

Chicago, US-based cannabis company Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) has closed the acquisition of all issued and outstanding shares of California, US-based cannabis company Origin House (CannaRoyalty Corp.) (CSE: OH) (OTCQX: ORHOF), the company said.
Under the terms of the agreement, holders of common shares of Origin House will receive 0.8428 subordinate voting shares of Cresco Labs for each Origin House Share. The transaction represents a total consideration of approximately CDN 1.1bn (USD 823.5m) on a fully-diluted basis.


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Details
Date Published: 13/01/2020
Target: Origin House (CannaRoyalty Corp.)
Country: USA
Deal Size: .823m (USD)
Sector: Agriculture/Forestry
Type: Corporate acquisition
Financing: Stock
Status: Closed
Vendor:
Buyer: Cresco Labs Inc
Comment:


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