The Valens Company Shares Surge On $54.3M Citizen Stash Cannabis Acquisition
The Valens Company Shares Surge On $54.3M Citizen Stash Cannabis Acquisition
The Valens Company Inc. (TSX:VLNS) (OTCQX:VLNCF) revealed Monday it has completed its previously announced acquisition of Citizen Stash Cannabis Corp. (TSXV:CSC) (OTCQB:EXPFF) (FRANKFURT: MB31) for $54.3 million in stock.
瓦倫斯公司(The Valens Company Inc.)(多倫多證券交易所股票代碼：VLNS)(OTCQX：VLNCF)週一披露已經完成了之前宣佈的對Citizen Stash Cannabis Corp的收購。(多倫多證券交易所股票代碼：CSC)(場外交易市場：EXPFF)(法蘭克福：MB31)5430萬美元的股票.
Under the terms of the arrangement, Citizen Stash shareholders are entitled to 0.1620 of a Valens common share for each Citizen Stash Common Share held. The outstanding in-the-money Citizen Stash options were transferred to Citizen Stash in exchange for the applicable entitlement to the in-the-money amount for such options, payable in Valens Shares, net of applicable withholdings.
根據協議條款，公民儲藏股東持有的每股公民儲藏普通股有權獲得0.1620的Valens普通股。未償還的公民現金儲藏期權被轉移到公民儲藏公司，以換取該等期權的現金金額的適用權利，該等期權應以Valens股票支付，扣除適用的預扣後的淨額。
"With the completion of this strategic acquisition, Valens is poised to strengthen its position in the recreational market with the ownership of premium cannabis genetics, strains and products," Tyler Robson, CEO and chair of Valens' board of directors. "As we enter the premium flower category, Valens now boasts a manufacturing and brands portfolio that focuses on two high growth categories of premium flower and 2.0 products. This is just the first step into the premium cannabis product category and consumers can stay tuned to see how we further leverage Citizen Stash's asset-light genetics portfolio to launch new innovative products in the future."
隨着這一戰略收購的完成，Valens準備通過擁有優質大麻基因、品種和產品來加強其在娛樂市場的地位。“泰勒·羅布森，首席執行官兼瓦倫斯董事會主席。隨着我們進入優質花卉類別，Valens現在擁有一個製造和品牌組合，專注於兩個高增長類別的優質花卉和2.0產品。這只是進入優質大麻產品類別的第一步，消費者可以繼續關注我們如何進一步利用Citizen Stash的輕資產遺傳組合，在未來推出新的創新產品。“
The acquisition was approved at the special meeting of Citizen Stash security holders held on November 1, 2021, and by the Supreme Court of British Columbia on November 4, 2021. As a result of the closing, Citizen Stash common shares are expected to be delisted from the TSX Venture Exchange at the close of trading on or about November 12, 2021.
這項收購在公民藏匿證券持有人特別會議上獲得批准。於2021年11月1日舉行，並於最高法院不列顛哥倫比亞省於2021年11月4日。作為閉幕的結果，公民藏匿普通股預計將於2021年11月12日左右收盤時從多倫多證交所退市.
"I would like to thank all the Citizen Stash shareholders for their support over the years. Going forward as a combined company, Citizen Stash and Valens are well-positioned to be the leading cannabis company in Canada and beyond. It has been an honour to serve our shareholders and I look forward to the next chapter," said Jarrett Malnarich, CEO of Citizen Stash.
他説：“我要感謝所有Citizen Stash股東多年來的支持。作為一家合併後的公司，Citizen Stash和Valens將處於有利地位，成為加拿大及其他地區領先的大麻公司。能為我們的股東服務一直是一種榮幸，我期待着下一個篇章。”加雷特·馬爾納裏奇，Citizen Stash的首席執行官。
Price Action
價格行動
Valens’ shares were trading 14.55% at $1.63 per share at the time of writing Monday morning.
截至週一上午撰寫本文時，Valens的股價為每股1.63美元，漲幅為14.55%。
Photo: Courtesy of Hans Eiskonen via Unsplash
圖片：由Hans Eiskonen通過Unspash提供