Highlands Investments benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
javierhasse Author Profile benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Goodleaf Company is merging with
Highlands Investments in a deal valued at almost R650 million ($50 million), Benzinga has learned exclusively ahead of an official announcement.
The combination of Goodleaf, the leading retail brand in South Africa, and Highlands, formerly
Canopy Growth (NASDAQ:CGC)
Africa, will result in the creation of the largest vertically integrated cannabis operation in Africa. The combined entity boasts more than $25 million in investments in the continent to date.
Under terms of the deals, shareholders of Highlands Investments will own 35% of the combined entity, while Goodleaf stockholders will own a 65% stake.
“We are delighted to have successfully concluded this merger, and in doing so created Africa’s first truly seed-to-sale offering,” said Warren Schewitz, founder and CEO of Goodleaf. “It has always been our intention to create a world-class global brand, and as we achieve scale, it is essential to ensure we have access to high-quality s
By Javier Hasse and Eric TerBush.
MPX International Corp (OTC: MPXOF) recently announced entrance into an agreement with South African producer First Growth Holdings Ltd. that will lead to the acquisition of a 51% interest in the company.
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