Kelowna BC-based cannabis extraction company
The Valens Company Inc. (
TSX.VLNS) – a leading manufacturer of cannabis products – has announced that it has entered into a definitive agreement to acquire all of the issued and outstanding shares of Green Roads and its majority owned manufacturing subsidiary in a cash and share transaction for closing consideration of USD$40 million, plus up to an additional US$20 million in contingent consideration payable upon the business achieving certain EBITDA milestones.
Based in South Florida, Green Roads is the largest privately-owned CBD company in the United States.
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