Announced
Financials
Sources
Tags
Friendly
Private
Majority
Pending
agriculture technology
Medical Supplies
Restructuring
Single Bidder
Acquisition
Private Equity
hemp
United States
Domestic
Synopsis
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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