Bullboard - Stock Discussion Forum CannaRoyalty Corp C.CRZ

Origin House is a growing cannabis product and brands company operating across key markets in the U.S. and Canada. The company delivers over 130 branded cannabis products to the licensed dispensaries. It provides distribution, manufacturing, cultivation and marketing services for its brand partners. The company operates through two operating segments, The Corporate segment derives income from... see more

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Post by retiredcf on Sep 16, 2019 8:44am

Stocks to Watch

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Cresco Labs Inc. (CL-C) announced an expansion of its presence in Nevada and Arizona through the acquisition of Tryke Companies, a seed-to-sale cannabis company. The transaction includes six prime Reef Dispensary locations in Nevada and Arizona, expanded licensed cultivation and process capacity in Las Vegas and Phoenix and entry into the Utah market, the company stated.

The purchase consideration is approximately US$252.5-million for Tryke operating assets plus US$30-million for Tryke real estate assets. The consideration will be comprised of a mix of Cresco Labs shares valued at approximately US$227.5-million, which will be subject to a nine- to 21-month lock-up agreement following closing, and approximately US$55-million in cash.

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Comment by investalot23 on Sep 16, 2019 9:05am

i see the price of CL dropping because of added dilution and cost which will effect OH SP. In the short term it hurts OH SP but in the long term it could be a good move. I am bag holding until OH deal closes. I need this to closeeeee

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