Canadian cannabis producer BZAM entered into a definitive agreement to acquire Final Bell Canada from Final Bell Holdings International in an all-stock transaction, the companies announced Wednesday.
The combination will put some of the most popular cannabis brands in Canada under one roof, including Cookies, Sherbinskis and Wyld.
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Final Bell Holdings International, which is the sole owner of Final Bell Canada, will receive 90 million common shares of BZAM at a deemed price of 15 Canadian cents (11 cents) per share after the transaction closes.
That represents approximately one-third of the issued and outstanding shares of BZAM.
The deal is expected to close around Dec. 18, 2023.
“This transaction combines BZAM’s cultivation, production, and sales infrastructure with the exceptional portfolio of international brands that Final Bell has brought to market in Canada,” BZAM CEO Matt Milich said in a statement.
“This combination also brings in (Final
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