RWBYF - Toronto Weed Producer Seals Deal For Over $100M In Annual Revenue As RWB Finalizes Aleafia Health Buyout | Benzinga
Red White & Bloom Brands Inc. (CSE:RWB) (OTC:RWBYF) has wrapped its previously announced acquisition of Aleafia Health Inc. (OTCEM: ALEAF) and its subsidiaries.
What Happened
Under the deal, RWB (PV) Canada Inc., a wholly owned subsidiary of RWB, acquired the intellectual property assets of Aleafia Health and subscribed for shares in the capital of each of Emblem Cannabis Corporation, Canabo Medical Corporation and Aleafia Retail Inc.
Total consideration for the transaction was $31,667,700, including:
- A release of all amounts outstanding and obligations payable by the Aleafia Group under the Aleafia senior secured loan agreement and the debtor-in-possession financing amounting to $24,897,493; and
- Cash consideration of up to $6,770,207.
As part of the deal, RWB also acquired a 9.4% ownership interest in One Plant (Retail) Corp., which ...