Mark Litwin opted to step down from
CannTrust Holdings Inc. s
(OTC:CNTTQ) board of directors.
Simultaneously, the Vaughan, Ontario-based company confirmed that secretary Stan Abramowitz will no longer serve as an officer of CannTrust and as a director or officer of all subsidiaries.
The board named current Interim CFO David Blair its new secretary.
CannTrust was earlier delisted from the Toronto Stock Exchange (TSE) and The New York Stock Exchange (NYSE).
Delic Hires Former Bulletproof CMO To Head Up Marketing
Psychedelics media and events company
Delic Holdings (CSE:DELC) (OTCQB:DELCF) has tapped former Bulletproof Inc. CMO Zak Garcia to oversee its marketing department on the heels of appointing Kyle Snook to its board of advisors.
Schwazze (OTCMKTS: SHWZ) is on a buying spree.
The Denver-based company, formerly known as Medicine Man Technologies Inc., recently took over 14 Star Buds locations in Colorado. Schwazze CEO Justin Dye gave us a heads up that the deal was in the works during a fireside chat at Benzinga. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Posted on 8500
Schwazze, formerly operating as Medicine Man Technologies Inc. (OTCQX: SHWZ) (“Schwazze ” or “the Company”), today announced that it has closed on the asset purchase of an additional two Star Buds Colorado dispensaries located in Denver, CO.
This follows the successful acquisition and integration of six Star Buds retail locations in Colorado in December 2020. The Company plans to acquire the remaining five Star Buds in Colorado by the end of March, for a total of 13.
Total consideration for this most recent acquisition was approximately $9.3 million, consisting of $3.5 million in cash, $3.5 million in sellers’s notes, and $2.3 million in Preferred Stock (at a price of $1,000 per share).
Schwazze (OTCQX:SHWZ) continued its acquisition efforts, announcing the $9.3 million close of two Star Buds Colorado dispensaries located in Denver.
According to a press release, the deal price tag included $3.5 million in cash, another $3.5 million in seller s notes and preferred stock totaling $2.3 million at $1,000 per share.
Why It s Important
The done deal helps bring Schwazze closer to its goal of having all Star Buds Colorado locations in its portfolio.
The acquisition follows Schwazze s previous acquisition of six Star Buds locations across the state. The company hopes to close on the rest of the stores by the end of March 2021, bringing the total to 13 if completed.