Lies and more lies; you have to read this. Lies and more lies; you have to read this.
Upon closing, the shareholders of the Tirthankar received cash consideration of $1.8 million and 15,750,000 common shares, The retail cannabis stores operating through the T Cannabis and Cost Cannabis brands are expected to generate annual revenues of approximately $35 million in the first 12 months post the Acquisition.
Toronto, Ontario--(Newsfile Corp. - August 26, 2022) - Leviathan Natural Products Inc. (CSE: EPIC) (OTCQB: LVCNF) (FSE: IQ7) (the "Company" or "Leviathan") announces that further to the Company's press release dated October 25, 2021 (the "Initial News Release"), the Company has completed its acquisition (the "Acquisition") of all the issued and outstanding shares in Tirthankar Ltd. and related companies (the "Tirthankar").
Upon closing, the shareholders of the Tirthankar received cash consideration of $1.8 million and 15,750,000 common shares of the Company. Leviathan will also issue 250,000 common shares to certain employees of the Tirthankar as a retention bonus. For further information on the Acquisition, please refer to the Initial News Release.
About Leviathan Natural Products Inc.
Leviathan Natural Products Inc. is a multi-jurisdictional cannabis company, focused on becoming a leader in the Cannabis industry. The Company is focused on expanding its current operations through organic growth and by way of merger and acquisition transactions.
About Tirthankar Ltd.
Tirthankar Ltd. is a cannabis retail store operating with retail brands "T CANNABIS" and "COST CANNABIS" offering a wide variety of cannabis brands and products, including flower, pre-rolls, concentrates, edibles, beverages, vapes, topicals, seeds, and accessories.
Tirthankar has a strong presence in Ontario, operating fourteen (14) retail cannabis stores in Ontario, and has an additional three (3) more locations in development. Further, Cost Cannabis has two (2) locations in development in Saskatchewan, located in Regina and Saskatoon.
The retail cannabis stores operating through the T Cannabis and Cost Cannabis brands are expected to generate annual revenues of approximately $35 million in the first 12 months post the Acquisition.