Australis Completes Stage1 to Acquire Green Therapeutics LLChttps://www.newswire.ca/news-releases/australis-completes-first-stage-in-green-therapeutics-llc-acquisition-898514245.html AUSA has completed the first stage of the transaction to acquire Green Therapeutics LLC ("GT").
The transaction is being completed in two parts, the first, which has now closed, being the acquisition of a subsidiary of GT (the "Subsidiary") containing a number of unregulated assets including the GT brands and certain ancillary agreements including brand licensing and management agreements. Subsequently, subject to regulatory approval, the Company will complete the acquisition of GT itself (the "Subsequent Closing"). In conjunction with the completion of the acquisition of the Subsidiary (the "Initial Closing"), the parties have settled a previously announced legal dispute.