New York Cannabis Company Valley Agriceuticals Sold for $17 Million

By:
New York Cannabis Company Valley Agriceuticals Sold for $17 Million

Flickr / GmanViz / (CC BY-NC-ND 2.0)

Multi-state cannabis company iAnthus Capital Management has now planted its flag in New York with Monday’s announced acquisition of Valley Agriceuticals. The deal is valued at $17.3 million and includes $2.3 million in cash and $15 million in iAnthus shares priced at $2.

The acquisition, which is expected to close in the third quarter, includes 136 acre campus zoned for cannabis, a 6,500 square foot cultivation facility and ultimately the Valley Ag New York State license for cultivation and four dispensaries.

View Original Article Here

Repost is the designation for articles collected from the Internet whose content may interest our readers. These articles are not written by our staff and they do not necessarily reflect our views.

Related posts

Top