Life science company Rapid Dose Therapeutics Corp. (CSE: DOSE) agreed to buy Consolidated Craft Brands, a packaged goods company focused on cannabis edibles and related products, for CA$5 million (US$4 million).
Under the proposed deal, Rapid Dose Therapeutics should issue 16.67. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Life science company
Rapid Dose Therapeutics Corp. (CSE:DOSE) agreed to buy Consolidated Craft Brands, a packaged goods company focused on cannabis edibles and related products, for CA$5 million (US$4 million).
Under the proposed deal, Rapid Dose Therapeutics should issue 16.67 million common share units, with each unit comprising of 1 share and 1 share purchase warrant at a price of 30 cents per unit in exchange for all Consolidated Craft Brands’ shares.
Each warrant provides the holder with the right to buy one share of the company for 45 cents per share in the following two years upon finalizing the transaction.
The definitive agreement is projected to close before Feb. 15.