Cannabis Strategies Acquisition to acquire five US cannabis firms.

CSAC has executed agreements to acquire Washoe Wellness, ​LivFree, The Canopy, CannaPunch and Sira. Company will pay a total of $76m in cash for the five companies, with plans to issue to shareholders about 7.6m shares and promissory notes worth $43m. The Transaction is anticipated to create a combined enterprise with a strong combination of high-quality assets anchoring the Eastern and Western United States. When completed, CSAC will own three cultivation and production facilities and eight dispensaries across the states of Nevada and Massachusetts, in addition to key licenses.