EXL elixinol wellness limited
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News: EXL Elixinol To Buy CannaCare Health

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    15/03/21
    11:10
    Post #: 51767641

    March 15 (Reuters) - Elixinol Global Ltd (EXL) :

    • ELIXINOL TO ACQUIRE 100% OF CANNACARE HEALTH
    • DEAL FOR UPFRONT CONSIDERATION OF EUR 9.0 MILLION
    • UPON ATTAINMENT OF FY2021 REVENUE OF EUR 12.9 MILLION & 20% EBITDA, MAXIMUM EARN-OUT OF EUR 15.0 MILLION PAYABLE IN CO'S SHARES
    • DEAL EXPECTED TO LEAD TO SIGNIFICANT IMPROVEMENT IN CO'S EBITDA POSITION & ACCELERATE PATHWAY TO PROFITABILITY IN NEAR-TERM
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