Brief: IGC Resources And Westleaf Announce $7.5 Mln Investment And Option To Buy Canndara Canada

Decibel Cannabis

20/12/2018 14:27

Dec 20 (Reuters) - IGC Resources Inc  IGCh.V :
    * IGC RESOURCES AND WESTLEAF ANNOUNCE $7.5 MILLION
INVESTMENT AND
OPTION TO PURCHASE CANNABIS RETAILER CANNDARA CANADA
    * IGC RESOURCES INC - TO PURCHASE REMAINING SHARES OF
CANNDARA AT
A PRE-DETERMINED VALUE OF $48.4 MILLION IN AN ALL-SHARE
TRANSACTION
    * IGC RESOURCES INC - DEAL TO ACQUIRE A 21.4% INTEREST IN
CANNDARA
CANADA INC.
    * IGC RESOURCES INC - DEAL FOR WESTLEAF WILL PURCHASE $7.5
MILLION
OF EXISTING CANNDARA SHARES FOR CASH

Source text for Eikon:  ID:nGNX5ZXvnZ 
Further company coverage:  IGCh.V 

 (Reuters.Briefs@thomsonreuters.com)