Brief: SOL Global Signs Binding Agreement With Merida Capital Partners' Subsidiary To Acquire Michigan Fully Licensed Cannabis Business

SOL Global Investments

24/04/2019 23:01

April 24 (Reuters) - SOL Global Investments Corp  SOL.CD :
    * SOL GLOBAL SIGNS BINDING AGREEMENT WITH MERIDA CAPITAL
PARTNERS'
SUBSIDIARY TO ACQUIRE MICHIGAN FULLY LICENSED CANNABIS BUSINESS
    * SOL GLOBAL INVESTMENTS CORP - AGGREGATE PURCHASE PRICE OF
US$150
MILLION
    * SOL GLOBAL INVESTMENTS CORP - PURCHASE PRICE WILL BE
SATISFIED
BY WAY OF US$35 MILLION IN CASH AND US$115 MILLION IN EQUITY
CONSIDERATION IN CANNCURE
    * SOL GLOBAL INVESTMENTS CORP - UNDER TERMS OF LOI MERIDA TO
OWNING APPROXIMATELY 42% OF CANNCURE

Source text for Eikon:  ID:nCNWGKfsPa 
Further company coverage:  SOL.CD 

 ((Reuters.Briefs@thomsonreuters.com;))