- Shiny Health & Wellness (TSXV:SNYB) has signed a letter of intent to acquire all of Stash & Co.’s cannabis retail stores
- Shiny will acquire 10 of Stash’s cannabis stores including Toronto, Ottawa, London, Kitchener, Oshawa and Collingwood locations, with forecasted 2023 revenues of around C$10 million
- The company will complete the transaction based on an aggregate purchase price equal to C$1 million (C$800,000 in cash and C$200,000 in SNYB shares)
- Shiny Health & Wellness Corp. last traded at $0.08 per share
Shiny Health & Wellness (TSXV:SNYB) has signed a letter of intent to acquire all of Stash & Co.’s cannabis retail stores.
Shiny will acquire 10 of Stash’s cannabis stores including Toronto, Ottawa, London, Kitchener, Oshawa and Collingwood locations, with forecasted 2023 revenues of around C$10 million.
The company will complete the transaction based on an aggregate purchase price equal to C$1 million (C$800,000 in cash and C$200,000 in SNYB shares).
The value of inventory remaining in the Stash & Co. stores will be an aggregate amount equal to C$300,000, based on wholesale prices paid to the Ontario Cannabis Store.
As part of this transaction, Shiny will be the sole owner of the Stash & Co. brand and trademark, though the dispensaries will remain under the Stash and Co. brand.
Shiny Health & Wellness Corp. is an independent cannabis retailer focused on providing health and wellness solutions and services. The company’s segments include cannabis and pharmacy.
Shiny Health & Wellness Corp. last traded at $0.08 per share.
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