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IANTHUS Cap.HLDGS - one of new soon-to-be licensee

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eröffnet am: 17.06.17 16:36 von: chinasky Anzahl Beiträge: 3
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17.06.17 16:36
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4140 Postings, 3007 Tage chinaskyIANTHUS Cap.HLDGS - one of new soon-to-be licensee

Zitat:" iAnthus Capital Holdings, Inc. ("iAnthus" or "the Company"), (CSE: IAN) (CSE: IAN.CN) (CNSX: IAN) (OTCQB: ITHUF), which owns, operates, and partners with licensed cannabis operators throughout the United States, is pleased to announce that it has signed a binding letter of intent to acquire 100% of Valley Agriceuticals, LLC ("Valley Ag"), which has received conditional approval from the New York State Department of Health to be awarded one of just ten medical marijuana licenses issued by the state. The proposed acquisition, when closed, will expand iAnthus' portfolio into five regulated cannabis states in the U.S., which the Company believes will constitute the largest footprint among public companies focused on licensed cannabis operations in the U.S...Pursuant to the terms of the binding letter of intent, iAnthus will acquire 100% of Gloucester Street Capital, LLC, and its wholly owned subsidiaries, Valley Agriceuticals, LLC and Valley Agriceuticals Real Estate, LLC, for US$17.3 million, which includes US$2.3 million payable in cash and US$15 million payable in common shares of iAnthus priced at US$2.00 per share. The proposed acquisition includes the Valley Ag cultivation campus consisting of approximately 136 acres of real estate that is currently zoned for cannabis cultivation and a 6,500-square foot custom-built cultivation and processing facility. Upon final certification by the New York State Department of Health, Valley Ag's license will encompass one cultivation and processing facility and four dispensary locations." ENDE Zitat

Source/s:http://www.marketwired.com/press-release/...dents-rapidly-2221336.htm



https://www.health.ny.gov/regulations/...application/applications.htm



Zitat:"Valley Ag is one of the new soon-to-be cannabis licensees following the state's decision to increase the licenses from five operators to 10. They expect to receive their final registration this summer." ENDE Zitat
Source:https://www.forbes.com/sites/debraborchardt/2017/...ion/#674b3cfa185c  

14.08.17 17:52
2

4140 Postings, 3007 Tage chinaskyiAnthus acquires 100% of Citiva NY & Citiva USA

Zitat:"iAnthus Capital Holdings Inc. has signed a letter of intent to acquire Citiva Medical LLC (Citivav NY), which holds one of the 10 vertically integrated medical marijuana licences in New York State, and Citiva LLC (Citiva USA), ..... iAnthus will acquire 100 per cent of Citiva NY and Citiva USA and certain operating subsidiaries for approximately $18-million (U.S.), which includes $3.6-million (U.S.) payable in cash and approximately $14.4-million (U.S.) payable in iAnthus common shares priced at $2.40 (U.S.) per share, subject to the terms of a collar. As a registered organization under the New York medical cannabis program, Citiva NY's licence includes a cultivation and processing facility and four dispensary locations, which will be located in Brooklyn, Staten Island, Dutchess county and Chemung county. ....Concurrently, iAnthus is announcing the termination of its previous term sheet with Gloucester Street Capital LLC (GSC) and its operating subsidiary, Valley Agriceuticals LLC. "We continue to believe New York is a growth market," said Hadley Ford, chief executive officer of iAnthus. "Unfortunately, we were unable to reach definitive legal agreements with GSC despite our best efforts."..."Our investors expect us to find ways to create value in the high growth U.S. cannabis market," ..... Citiva NY and Citiva USA, is a highly successful New York city entrepreneur who founded a medical business with over $50-million in annual revenues that includes a long-term care pharmacy, retail pharmacies and a compounding pharmacy focused on pain management, with four locations in and around New York city. In addition, Citiva NY's dispensary locations in Brooklyn and Staten Island will provide immediate access to more than 10 million people in the New York city metropolitan area...... We will be able to leverage that access with a management team that has developed relationships with more than 800 physicians and a proven track record of delivering specialized prescription medication to patients. We believe this will be a winning combination." .. "ENDE Zitat
Source:https://www.stockwatch.com/News/...494844&symbol=IAN&region=C  

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