Deal Snapshot
LINEAGE TO ACQUIRE ALTAI IN SHARE PURCHASE DEAL
Tuesday 13 March 2018

Canada-based cannabis cultivation facilities provider Lineage Grow Company Ltd. (CSE: BUDD) has entered into a binding letter of intent to acquire a 100% interest in California, US-based limited liability company Altai Partners LLC in a share purchase transaction, the company said.
Lineage will purchase all of the membership units of Altai in exchange for issuing 5.125m common shares of Lineage at an issue price of USD 0.20 per common share (for total share consideration of USD 1.025m). Lineage will also be required to advance to LUX funding in the amount of USD 1.45m over the next 10 months to fund operations.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 13/03/2018
Target: Altai Partners LLC
Country: USA
Deal Size: 2.475m (USD)
Sector: Consumer Products
Type: Corporate acquisition
Financing: Stock
Status: Agreed
Vendor:
Buyer: Lineage Grow Company
Comment:


Options