Law360 (June 22, 2020, 5:50 PM EDT) — Marijuana cultivator and dispensary chain Curaleaf announced on Monday that it had revised its agreement with Grassroots from a cash-and-stock sale to an all-stock deal, nearly one year after the blockbuster cannabis transaction was first announced. Under the amended terms of the agreement, publicly traded multistate operator Curaleaf Holdings Inc. will no longer pay GR Holdings Inc. $75 million in cash, and the dollar value of Curaleaf shares in the deal will be raised to $90. 1 million, up from $40 million. Furthermore, the amended deal will see Curaleaf offer up approximately 118. 9 million subordinate voting shares, up from 102. 8 million shares in…
Published: June 22, 2020
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