Kelowna BC-based cannabis extraction company The Valens Company Inc. (TSX.VLNS) – a leading manufacturer of cannabis products – has announced that it has closed its previously announced acquisition of all the issued and outstanding shares of Green Roads and its manufacturing subsidiary. Green Roads is the largest privately-owned CBD company in the U.S.
The cash and share transaction consideration totaled USD$40 million, plus up to an additional USD$20 million in contingent consideration payable upon the purchased business achieving certain EBITDA milestones.
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