MYMMF - IM Cannabis acquiring MYM Nutraceuticals

Multi-country cannabis operator IM Cannabis (IMCC) will acquire MYM Nutraceuticals (MYMMF) and its cannabis growing subsidiary, Highland Grow.Terms of the deal call for MYM shareholders to receive 0.022 IMCC shares for each MYM share.The implied MYM share price of $0.219 implies a nearly 18% premium based on the 20-day, volume-weighted average price.The merger is expected to close in the second half of the year.IM has operations in Canada, Germany, and Israel, while MYM is based in Vancouver and Highland Grow is based in Nova Scotia.IM shares are up 3.2% to $7.35 in morning trading.

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IM Cannabis acquiring MYM Nutraceuticals