Brief: Greenlane Renewables - Has Entered Into A Definitive Agreement To Acquire Airdep S.R.L.
15/12/2021 13:37
Dec 15 (Reuters) - Greenlane Renewables Inc GRN.TO :
* GREENLANE RENEWABLES - HAS ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE
AIRDEP
S.R.L.
* GREENLANE RENEWABLES - CONSIDERATION FOR DEAL WILL BE COMPRISED OF $8M IN
CASH
PAYABLE ON CLOSING
* GREENLANE RENEWABLES - CONSIDERATION FOR DEAL ALSO COMPRISES $1.4M IN
GREENLANE
SHARES ISSUABLE IN EQUAL TRANCHES OVER FOLLOWING 4 QUARTERS
* GREENLANE RENEWABLES - TOTAL MAXIMUM CONSIDERATION FOR ACQUISITION IS $13M
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Further company coverage: GRN.TO
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