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http://www.crescolabs.com
 

Cresco Labs to buy Origin House for equivalent of $823.5 million, in largest-ever U.S. cannabis buyout deal

Published: Apr 1, 2019 8:57 a.m. ET
 

Cresco Labs Inc. CRLBF, announced Monday a deal to buy Origin House, the registered business name for Canada-based CannaRoyalty Corp.ORHOF,  in a deal valued at C$1.1 billion, or the equivalent of $823.5 million. Under terms of the deal, Cresco will exchange 0.8428 subordinate voting shares of Cresco for each Origin House share outstanding. Based on Friday's closing prices for the U.S.-listed shares, that would value Origin House shares at about $9.48 each, or a 4.9% premium. The deal, which Cresco said is the "largest public company acquisition in the history of the U.S. cannabis industry," is expected to be completed by the end of June. "Following the closing of this acquisition, Cresco brands will be in over 725 dispensaries across the country, giving us the largest and most strategic distribution footprint of any cannabis company in the United States," said Cresco Chief Executive Charlie Bachtell. Cresco's U.S.-listed stock has run up 67% year to date and Origin House's U.S. shares have soared 90%, while the ETFMG Alternative Harvest ETF MJ, +0.71%has climbed 46% and the S&P 500 SPX, +1.16% has gained 13%.

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PostSubject
#869  Sticky Note “In Q3, our team delivered another quarter of Heywood4164 11/26/19 08:26:35 PM
#1524   Are you able to provide a link to J-Stylz 03/26/20 02:23:57 PM
#1523   No Adult-use-sales-in-MA. Only-Med-until-Apr7th-at-least. That will BackTheTruckUp 03/26/20 11:09:16 AM
#1522   https://ih.advfn.com/stock-market/USOTC/sugarmade-qb-SGMD/stock-news/820594 Flippin Stocks 03/24/20 09:55:11 AM
#1520   LOL this one sucks big time curaleaf is iancnyc 03/15/20 12:23:12 AM
#1519   Cash are you sure how the guys cootcat 03/13/20 08:38:54 PM
#1518   NO OS AND NO FLOAT AUDITED EVER??? manofIsle 03/13/20 08:09:38 PM
#1517   Still killing it! LMAO! sav79 03/11/20 10:14:26 AM
#1516   Complete nonsense. lol ignatiusrielly35 03/10/20 08:09:06 AM
#1515   And with what limited supply is available companies DemiCash 03/10/20 05:09:06 AM
#1514   Lol *baseless* DemiCash 03/10/20 05:06:24 AM
#1513   States are in control of MSO product supply. GoldRu$$H 03/09/20 09:05:27 PM
#1512   I don’t see it. The supply will always ignatiusrielly35 03/09/20 08:30:47 PM
#1511   In a closed market, which is exactly what DemiCash 03/09/20 08:25:18 PM
#1510   Lol. We’re supposed to be worried that Cresco ignatiusrielly35 03/09/20 07:35:11 PM
#1509   You make my point, cultivation centers, such as DemiCash 03/09/20 06:11:23 PM
#1508   DemiCash is a shorty. Just pumpimg fear. There GoldRu$$H 03/09/20 05:09:17 PM
#1507   Maybe you should go do some DD , Rodd1 03/09/20 05:04:01 PM
#1506   They can't grow enough product to cover demand Rodd1 03/09/20 04:44:10 PM
#1505   Gotta love the traders who are upset the DemiCash 03/09/20 04:43:50 PM
#1504   Opinion vs fact is what I am calling penny11 03/09/20 03:59:26 PM
#1503   If it doesn't happen the way you have dawson-m 03/09/20 01:53:36 PM
#1502   It amuses me that you all want to DemiCash 03/09/20 01:35:44 PM
#1501   Lol. Where do you come up with this ignatiusrielly35 03/09/20 11:50:55 AM
#1500   You have made lots of inflammatory comments regarding GoldRu$$H 03/09/20 11:47:27 AM
#1499   Yes, research that that shows your information is penny11 03/09/20 11:16:46 AM
#1498   Cresco Labs proposed Sunnyside* Dispensary in the prized Flippin Stocks 03/09/20 10:58:54 AM
#1497   They are only selling their entire supply because DemiCash 03/09/20 10:21:13 AM
#1496   Oh! god are you not special? cootcat 03/08/20 06:54:44 PM
#1495   Zoning board approves 5 recreational pot shops, setting FUNMAN 03/08/20 05:00:40 PM
#1494   I assume they are smart enough to adjust ignatiusrielly35 03/08/20 10:48:34 AM
#1493   As an investor it does sound great, until DemiCash 03/08/20 09:55:55 AM
#1492   Congrats you found a piece of research! DemiCash 03/08/20 09:52:47 AM
#1491   Still waiting to find out the final O/S bUrRpPPP! 03/08/20 07:39:55 AM
#1490   As an investor, that all sounds pretty good ignatiusrielly35 03/07/20 08:29:49 PM
#1489   Found this, seems to be different from your penny11 03/07/20 06:40:02 PM
#1488   Go check out GTI thread. penny11 03/06/20 04:10:32 PM
#1487   Exactly what *facts* do you want? DemiCash 03/06/20 02:47:33 PM
#1486   Demi, what are the FACTS to back up penny11 03/06/20 02:28:17 PM
#1485   Let's see, I am a medical cannabis card DemiCash 03/06/20 02:21:37 PM
#1481   The store employees attitudes has nothing to do DemiCash 03/06/20 01:13:42 PM
#1480   Medical MJ cost less than rec/adult use at BackTheTruckUp 03/06/20 12:34:44 PM
#1479   Possibly, but these companies are not getting good DemiCash 03/06/20 07:16:14 AM
#1478   Maybe he is the one. That wanted to cootcat 03/05/20 01:13:01 PM
#1477   When was it ever not about profits? It’s ignatiusrielly35 03/05/20 10:48:07 AM
#1476   Seems a little too sudden for that. DemiCash 03/05/20 10:01:02 AM
#1475   Doesn’t sound like that to me at all. ignatiusrielly35 03/05/20 09:14:19 AM
#1474   Sounds like he doesn't agree with the way DemiCash 03/05/20 05:16:11 AM
#1473   Sounds like he really did voluntarily resign. ignatiusrielly35 03/04/20 06:48:05 PM
#1472   Joe Caltabiano Explains Decision to Resign from Cresco Labs oldundrtkr 03/04/20 05:57:17 PM
#1471   Oh boy! more rubbish theories! sav79 03/04/20 05:41:08 PM
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