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The Week In Cannabis: Stocks Surge On Heels Of Georgia Runoff; NY Legalization; M&A And Financings Spike

The Week In Cannabis: Stocks Surge On Heels Of Georgia Runoff; NY Legalization; M&A And Financings Spike
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RAMM Pharma Enters European Cannabis Market with Strategic Investment in Canapar Corp

About the European Cannabis Market Europe represents one of the largest potential cannabis markets globally. The Europe cannabis market is currently valued at US$3.5 billion and expected to reach US$37 billion by 2027 with an anticipated CAGR of 29.6% from 2020 to 2027 (ResearchAndMarkets.com, 2020). European countries are experiencing a transformation in the regulations for marketing cannabis and related products, facilitating easier cultivation, processing, and trade of the cannabis-derived products across this region. Terms of the Transaction The Canapar Shares were acquired for C$7,000,000 pursuant to the terms of a share purchase agreement (the Agreement ) and represent approximately 49% of the issued and outstanding shares of Canapar on a non-diluted basis. Canopy Rivers is also entitled to additional contingent consideration of C$2,000,000 payable in cash or issuable in common shares of RAMM, at the sole discretion of RAMM, on the achievement of certain production mileston

Canopy Rivers Sells Interest in Italy-Based Canapar

Canopy Rivers or the Company ) (TSX: RIV) (OTC: CNPOF), through its wholly-owned subsidiary, Canopy Rivers Corporation, has entered into a definitive share purchase agreement (the Share Purchase Agreement ), effective as of December 30, 2020, with RAMM Pharma Corp. ( RAMM ) (CSE: RAMM), pursuant to which the Company has sold its 49% common equity interest in Canapar Corp. ( Canapar ) to RAMM for consideration of up to $9.0 million (the Transaction ). Under the terms of the Share Purchase Agreement, on closing, RAMM delivered a cash payment of $7.0 million to Canopy Rivers to purchase the Company s 29,833,333 common shares in Canapar. The Transaction also includes contingent consideration of $2.0 million, to be paid upon achievement of certain operational milestones. The contingent portion of the consideration will be satisfied, at RAMM s sole discretion, in either cash or through the issuance of common shares in RAMM to the Company.

Covid-19 Impact on Acute Coronary Syndrome Market 2020 Global Technology, Development, Trends and Forecasts to 2026

Covid-19 Impact on Acute Coronary Syndrome Market 2020 Global Technology, Development, Trends and Forecasts to 2026
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