Brief: Verano Announces Termination Of Arrangement Agreement To Acquire Goodness Growth Holdings Inc.

Verano Holdings

14/10/2022 12:04

Oct 14 (Reuters) - Verano Holdings Corp  VRNO.CD :
    * VERANO ANNOUNCES TERMINATION OF ARRANGEMENT AGREEMENT TO
ACQUIRE
GOODNESS GROWTH HOLDINGS INC.
    * VERANO HOLDINGS CORP SAYS GGH OWES COMPANY A TERMINATION
FEE IN
AMOUNT OF $14.9 MILLION PLUS REIMBURSEMENT OF TRANSACTION
EXPENSES UP TO $3 MILLION
    * EXERCISED TERMINATION RIGHTS BASED UPON GGH'S BREACHES OF
COVENANTS AND REPRESENTATIONS IN ARRANGEMENT AGREEMENT AND OTHER
TERMINATION EVENTS

Source text for Eikon:  ID:nGNX19C2l9 
Further company coverage:  VRNO.CD