Announced
Financials
Tags
Pending
Acquisition
Private
Domestic
medical cannabis
pharmaceutical products
Reverse Takeover
United States
Merger
Single Bidder
Pharmaceuticals
Friendly
Synopsis
Verano Holdings, a cannabis company, completed the merger with Alternative Medical, a medical cannabis company, in a $2.8bn deal. “Both Verano and AltMed are uncompromisingly dedicated to superb cultivation and manufacturing processes, new product development and retail design, and we share a mutual commitment to delivering high-quality products with a superior customer experience to distinguish us in the marketplace. We are both disciplined stewards of capital, run our businesses efficiently and are focused on delivering profitable growth," Michael Smullen, Alternative Medical Co-Founder Chairman and CEO.
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