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PharmaCann Merges with LivWell Enlightened Health to Expand Portfolio of Production Facilities
Wednesday 13 October 2021

US-based cannabis company PharmaCann Inc has entered into a merger agreement with Colorado-based cannabis cultivation and retailer LivWell Enlightened Health pursuant to which PharmaCann will acquire LivWell Holdings, Inc., to expand production facilities, the company said.

Terms of the transaction were not disclosed.

The merger increases PharmaCann's presence in the second and third largest cannabis markets in the US, and provides a strong foundational team and operational platform for PharmaCann's further expansion into new states.

Upon completion of the planned merger, PharmaCann and LivWell would operate approximately 60 dispensaries and 11 cultivation and production facilities across eight states.

Canaccord Genuity Corp. served as financial advisor and Perkins Coie, LLP served as legal advisor to PharmaCann.

Gramercy Capital Group, LLC (through INTE Securities LLC, member FINRA/SIPC) acted as exclusive financial advisor and Husch Blackwell LLP served as legal advisor to LivWell.
Date Published: 13/10/2021