When looking at the potential synergies between SDC and NGW, one can understand why SD Cannabis was willing to take the bulk of the acquisition amount in NGW shares with it heavily weighted towards contingent payouts. Ryan Lange, co-founder of SDC said that “Next Green Wave is arguably one of the leading cannabis innovators in California” and that “This transaction will allow the SDC team to capitalize on its decades of cannabis expertise in California and to rapidly expand our brands, distribution channels and manufacturing expertise across the state and into international markets”. We think he is right, and it foreshadows the potential to accelerate growth for both parties once SDC’s business has been integrated under the larger NGW umbrella.
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