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- Ann: MMJ Core Cannabis Brands to List on TSX-V via RTO-MMJ.AX
Ann: MMJ Core Cannabis Brands to List on TSX-V via RTO-MMJ.AX, page-3
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MMJ TO UNLOCK SIGNIFICANT VALUE WITH LISTING OF CORE CANNABIS BRANDS ON TSX-V
Highlights:
- Strategic spin out of Canadian subsidiary United Greeneries and Swiss subsidiary Satipharm by way of a reverse takeover of the TSX-V listed entity Top Strike Resources (TSX-V; TSR)
- TSX-V listing of core cannabis subsidiaries will provide MMJ shareholders with exposure to rapidly expanding Canadian cannabis market
- Top Strike to pay C$2.5M in cash and C$37.5M in shares to MMJ
- MMJ management to be responsible for operations of the resulting TSX-V
listed company
- Direct market comparisons to Canadian peer companies expected to unlock significant near-term shareholder value
- Top Strike to become a large-scale cannabis producer targeting supply to the Canadian medical and recreational market, which is estimated to be an C$8b market by 2024
- Black Spruce Merchant Capital to act as lead manager for the transaction providing extensive relationships into Canadian capital markets
- Strategic spin out of Canadian subsidiary United Greeneries and Swiss subsidiary Satipharm by way of a reverse takeover of the TSX-V listed entity Top Strike Resources (TSX-V; TSR)
- There are more pages in this discussion • 141 more messages in this thread...
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