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New Deal


Announced

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

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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Market Context

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