BevCanna Completes $21M Acquisition Of Embark Health, Now Has More Than $100M In Assets
BevCanna Completes $21M Acquisition Of Embark Health, Now Has More Than $100M In Assets
BevCanna Enterprises Inc. (CSE:BEV) (OTCQB:BVNNF) (FSE:7BC) announced Friday that it has closed its previously announced acquisition of solventless cannabis extraction and delivery technology provider Embark Health Inc.
贝弗卡纳企业公司(BevCanna Enterprise Inc.)(CSE:BEV)(OTCQB:BVNNF)(FSE:7BC)周五宣布关闭了它的之前宣布的收购无溶剂大麻提取和输送技术提供商登上健康公司(Bookk Health Inc.)
"Completing the acquisition of Embark Health is a significant milestone in BevCanna's strategic transformation into a diversified health and wellness company," John Campbell, CFO and chief strategic officer of BevCanna stated. "The acquisition also bolsters BevCanna's balance sheet. Embark brings $17 million in tangible and intangible assets, including direct ownership of $11 million in equipment and the use of a modern production facility in Delta, BC. This acquisition brings BevCanna to over $100 million in unaudited assets on the balance sheet and $2.9 million in long-term liabilities."
完成对Bookk Health的收购是BevCanna向多元化健康和保健公司战略转型的一个重要里程碑。“约翰·坎贝尔,BevCanna首席财务官兼首席战略官表示。此次收购还增强了BevCanna的资产负债表。Bookk带来了1700万美元的有形和无形资产,包括直接拥有1100万美元的设备和使用位于不列颠哥伦比亚省三角洲的现代化生产设施。此次收购使BevCanna的资产负债表上未经审计的资产超过1亿美元,长期负债为290万美元。“
The Deal Summary
交易摘要
Under the agreement, BevCanna acquired all of the issued and outstanding Embark Securities by way of a "three-cornered" amalgamation whereby Subco, a wholly-owned subsidiary of BevCanna, and Embark amalgamated pursuant to the provisions of the Business Corporations Act (British Columbia) to form one corporation.
根据协议,BevCanna通过以下方式收购了所有已发行和未偿还的Bookk证券“三角”合并据此,BevCanna的全资子公司Subco将根据“商业公司法”(不列颠哥伦比亚省)的规定合并为一家公司。
Pursuant to the amalgamation, BevCanna issued to holders of common shares of Embark an aggregate of 54.93 million common shares of BevCanna as consideration for the purchase price of $21 million, plus an estimated closing working capital adjustment of $3.72 million.
根据合并,BevCanna向BevCanna普通股持有人发行总计5493万股BevCanna普通股,作为收购价格2100万美元的对价,加上预计的372万美元的期末营运资本调整。
Deal Highlights:
交易要点:
- The combined entity will have over $100M in assets on the balance sheet and $2.9 million in long-term liabilities.
- Adds a unique range of valuable brands across all three cannabis 2.0 categories.
- Adds a state-of-the-art production facility in Delta, BC, with $17 million in tangible and intangible assets including direct ownership of $11 million in equipment.
- Adds innovative solventless extraction technology that enables BevCanna to offer hash, bubble hash, live rosin and other adult-use cannabis products.
- Adds experienced management and operations team members who are pioneers in cannabis, extraction, and drug delivery technology, including Bruce Dawson-Scully, founder and CEO of Entourage Health (OTCQX:ETRGF) Marcus "Bubbleman" Richardson, best known as the founding pioneer of bubble hash and Michael West, global extraction expert who developed, designed and built more than a dozen world-class extraction facilities for companies such as Cresco Labs (OTCQB:CRLBF).
- 合并后的实体将拥有超过1亿美元的资产和290万美元的长期负债。
- 在所有三个大麻2.0类别中增加了一系列独特的有价值的品牌。
- 加法位于不列颠哥伦比亚省三角洲的最先进的生产设施,拥有1700万美元的有形和无形资产,包括直接拥有1100万美元的设备。
- 增加了创新功能无溶剂萃取技术这使得BevCanna能够提供哈希、泡泡哈希、活松香和其他成人使用的大麻产品。
- 增加了经验丰富的管理和运营团队成员,他们是大麻、提取和药物输送技术的先驱,包括布鲁斯·道森-史高丽,明星健康公司(OTCQX:ETRGF)创始人兼首席执行官马库斯·“泡泡人”·理查森,最为人所知的是气泡散列的创始先驱迈克尔·韦斯特,他为Cresco Labs(OTCQB:CRLBF)等公司开发、设计和建造了十多个世界级的提取设施。
More recent news from BevCanna:
来自贝夫卡纳的最新消息:
BevCanna's Q3 Revenue Spikes Over 1000% YoY Ahead Of $21M Embark Acquisition
BevCanna第三季度收入同比增长超过1000%,价值2100万美元的Bookk收购
BevCanna Inks White Label Deal To Produce Averi Health Infused Beverages
BevCanna墨水白色标签交易生产Averi保健饮料
Keef Brands Cannabis Beverages Now Available In Ontario And Alberta
Keef Brands大麻饮料现已在安大略省和艾伯塔省上市
BevCanna Inks White-Label Deal to Produce Cannabis-Infused Beverages for Xebra Brands
BevCanna墨水公司签署白标协议,为XEBRA品牌生产大麻饮料
Price Action
价格行动
BevCanna shares traded flat at 14 cents per share at the time of writing Friday.
周五撰写本文时,BevCanna的股价持平于每股14美分。
Photo: Courtesy of Jeff W on Unsplash
图片来源:在Unspash上由Jeff W提供