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Last Post: 5/20/2019 12:49:17 AM - Followers: 36 - Board type: Free - Posts Today: 1




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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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#155  Sticky Note CRLBF TREND1 04/20/19 12:26:17 PM
#211   Me too! Goodbuddy4863 05/20/19 12:49:17 AM
#210   Here's hoping for a good ER, no matter jd121449 05/17/19 05:42:42 PM
#209   Cresco Labs will report its financial results for TREND1 05/17/19 02:30:43 PM
#208   https://originhouse.com/origin-house-announces-record-preliminary-unaudited-reve Invest newbie 05/17/19 02:22:27 PM
#207   % GAIN SINCE 2/28/19 TREND1 05/17/19 01:37:09 PM
#206   CRLBF leader in USA market. IMHO. TREND1 05/17/19 12:42:00 PM
#205   https://www.stockscores.com/chart.asp?TickerSymbol=CRLBF&TimeRange=180&Inte JohnCM 05/17/19 12:57:37 AM
#204   She's coming back up! NICE Invest newbie 05/16/19 05:51:45 PM
#203   Yes...and growth will continue....just a small dip as Goodbuddy4863 05/10/19 10:30:00 AM
#202   Chart looks great! JohnCM 05/10/19 01:49:30 AM
#201   Cresco Labs, Inc looks like a powerhouse in Goodbuddy4863 05/09/19 05:59:57 PM
#200   Getting ever steeper now now! Goodbuddy4863 05/09/19 05:58:24 PM
#199   "Upon the completion of the Transaction, Marc Lustig Goodbuddy4863 05/09/19 05:57:11 PM
#198   Looks like everyone is posting on the other Board? Goodbuddy4863 05/09/19 05:56:30 PM
#197   I am pleased with the buyout of Origin Goodbuddy4863 05/09/19 05:55:50 PM
#196   Very low volume for a fantastic company! Goodbuddy4863 05/09/19 05:55:14 PM
#195   I saw that article yesterday as well. Pop A Shot 05/05/19 04:04:42 PM
#194   Anyone know the lockup expiration for both Cresco chesster2010 05/04/19 07:44:14 AM
#193   Look at this sector Piece - https://emerginggrowth.com/mym-nutraceuticals-otcqb- Chess Master 05/03/19 04:10:14 PM
#192   Wednesday April 23rd and 7 sessions later nowwhat2 05/02/19 11:23:42 PM
#191   Friday April 26th and four sessions later..... nowwhat2 05/02/19 10:58:59 PM
#190   https://ih.advfn.com/p.php?pid=staticchart&s=DOWI:DJI&t=35&f=0&p=0&dm=0&amp JohnCM 05/02/19 06:25:56 PM
#189   Nice low volume takedown. Manipulators have latched on ignatiusrielly35 05/02/19 11:18:21 AM
#188   https://www.stockscores.com/chart.asp?TickerSymbol=CRLBF&TimeRange=180&Inte JohnCM 05/01/19 10:25:37 AM
#187   I’m laughing at that obvious shakeout today. MM clowns. ignatiusrielly35 04/30/19 01:56:25 PM
#186   Regardless, 13 has been a stumbling block from ignatiusrielly35 04/29/19 10:41:48 AM
#185   Yes, but someone really wants this stuck below ignatiusrielly35 04/29/19 10:39:56 AM
#184   I dunno - but I DO know this : nowwhat2 04/29/19 09:49:23 AM
#182   Here's NowWHat, looking to short here? Or ztockings 04/28/19 03:24:09 PM
#181   investorshub.advfn.com/uimage/uploads/2019/4/28/saauycrlbf_aa28_ipo_off_t nowwhat2 04/28/19 10:36:31 AM
#180   Cresco Labs Announces Filing of Preliminary Base Shelf Prospectu Slappy The Ask 04/26/19 05:29:59 PM
#179   Nice close today,over $13! Invest newbie 04/26/19 05:01:22 PM
#178   SINCE 2/28/19 BUY TREND1 04/26/19 04:17:58 PM
#177   Having trouble holding 13. Need to break through ignatiusrielly35 04/25/19 05:57:23 PM
#176   Cool, it's a good one. I'll be picking DarthYoda 04/25/19 09:58:53 AM
#175   So I grabbed the starter here because I ANIA77 04/25/19 09:54:21 AM
#174   % gains since 2/28/19 TREND1 04/24/19 04:42:33 PM
#173   Cresco Labs Revenue Soars 411% + Buy/Sell TA RTupp23 04/24/19 01:32:21 PM
#172   Wow one of the few that popped big DoubleJackie 04/24/19 12:32:11 PM
#171   Cresco Labs Q4 Revenue Increases 411% to $17 Million Slappy The Ask 04/24/19 10:44:53 AM
#170   Financials have been released. Growing at a rapid Slappy The Ask 04/24/19 08:33:37 AM
#169   does anyone see a benefit in buying shares tryinhere 04/24/19 08:11:14 AM
#168   The q4 numbers look awesome!! Heywood4164 04/24/19 06:50:45 AM
#167   https://insiderfinancial.com/cresco-labs-inc-otcmktscrlbf-bulls-in-control ztockings 04/23/19 10:57:16 PM
#166   https://seekingalpha.com/article/4256056-cresco-labs-homemade-billions ztockings 04/23/19 10:55:07 PM
#165   That shouldn't really matter if you believe this ztockings 04/23/19 10:49:37 PM
#164   question for the more experienced folks here. tryinhere 04/23/19 12:43:06 PM
#163   This one, Hexo, Curlf, Acb hitting the peaks today. BidnessMan 04/22/19 01:57:54 PM
#162   Winner....Winner...Chicken Dinner!! Goodbuddy4863 04/22/19 10:57:10 AM
#161   CRLBF and ORHOF. Goodbuddy4863 04/22/19 10:37:43 AM
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