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Announced

MGG Investment Group to acquire GenCanna Global USA for £60m.

Financials

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Transaction Value£60m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Majority

Pending

agriculture technology

Medical Supplies

Restructuring

Single Bidder

Acquisition

Private Equity

hemp

United States

Domestic

Synopsis

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MGG Investment Group, an investment advisory firm, agreed to acquire GenCanna Global USA, a vertically integrated agriculture-technology company specializing in the production of hemp rich in CBD, for £60m ($81m). This transaction will enable GenCanna to maintain its operations in Kentucky as a CBD and wellness business with significantly reduced debt and substantial new capital to pursue growth opportunities.

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