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Announced

Fragrant Prosperity Holdings to acquire CiiTECH for £17m.

Synopsis

Fragrant Prosperity Holdings, an investment company, agreed to acquire CiiTECH, a cannabis company, for £17m. The intended acquisition, if it proceeds, will constitute a Reverse Takeover under the Listing Rules as the value of the consideration will exceed the Company's market capitalisation and it will result in a fundamental change in the business of FPP as it will own an operating business.

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