Brief: Lucy Scientific Acquires High Times Intellectual Property, Including Existing Licensing Agreements In All-Stock Transaction
07/09/2023 15:09
Lucy Scientific Discovery Inc LSDI.O :
* LUCY SCIENTIFIC ACQUIRES HIGH TIMES INTELLECTUAL PROPERTY,
INCLUDING EXISTING LICENSING AGREEMENTS IN ALL-STOCK TRANSACTION
* LUCY SCIENTIFIC DISCOVERY INC - EXPECTS ACQUISITION OF
HIGH
TIMES IP TO ADD AT LEAST $10M OF REVENUE AND $5M OF EBITDA TO
ITS 2024 RESULTS
* LUCY SCIENTIFIC DISCOVERY- WILL ISSUE 19.9% OF ITS
OUTSTANDING
STOCK TO HIGH TIMES
* LUCY SCIENTIFIC DISCOVERY- WILL MAKE PAYMENTS
SEMI-ANNUALLY TO
HIGH TIMES FOR NEXT 5 YEARS BASED ON EBITDA GENERATED FROM
ACQUIRED IP
Source text for Eikon: ID:nGNXKTf79
Further company coverage: LSDI.O
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Brief: Lucy Scientific Acquires High Times Intellectual Property, Including Existing Licensing Agreements In All-Stock Transaction