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Announced

TPCO to invest in Josephine & Billie’s.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

cannabis

Pharmaceuticals

Single Bidder

Acquisition

Friendly

Domestic

United States

Private

Majority

Synopsis

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The Parent Company, a California’s vertically integrated cannabis company, agreed to invest in Josephine & Billie’s, a Los Angeles-based cannabis brand. Financial terms were not disclosed. “Whitney is a singular leader in cannabis with a truly standout mission – creating a space specifically for Women of Color. Her innovative business plan is the perfect complement to our growing omnichannel footprint, and Whitney herself is exactly the kind of visionary entrepreneur for whom our social equity fund aims to clear the path to success and leadership in this complicated and challenging industry,” Steve Allan,The Parent Company CEO.

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