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New Deal


Announced

Creso Pharma and Red Light Holland to form The HighBrid Lab.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

cannabis

Friendly

Canada

Majority

psychedelics

Private

Domestic

Pharmaceuticals

Acquisition

Synopsis

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Cannabis companies Creso Pharma and Red Light Holland to form The HighBrid Lab, a global psychedelics and cannabis company. Financial terms were not disclosed. "Having worked with both the Creso Pharma and Red Light Holland teams closely in the past, I am really excited by the potential this combination brings. As a merged company, The HighBrid Lab has access to four of the highest growth industry segments around, and the team, board and advisory group to make real progress within these verticals. I'm really looking forward to rolling up my sleeves and helping The HighBrid Lab get to work!" Bruce Linton, The HighBrid Lab Chairman.

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