Cannabis producer The Green Organic Dutchman Holdings Ltd. (TGOD) has reached an agreement to acquire all issued and outstanding shares of Galaxie Brands Corporation, with the initial share consideration valued at $21 million.
TGOD offers certified organically grown cannabis focused on the health and wellness market and, in Canada, sells dried flower, cannabis oil, hash, vapes, organic teas and dissolvable powders, notes a statement from Mississauga, Ont .-based TGOD.
Galaxie Brands, for its part, is a licensed producer with a 26,000 sq. ft. facility in Ontario that has full cannabis 2.0 capabilities. It also has an exclusive joint venture in Canada with a major U.S. edibles brand, identified by Marijuana Business Daily as Oregon-based Wyld.
TGOD reports that after acquiring all Galaxie shares, the company will issue $21 million worth of TGOD shares. A third of these will be placed into an
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