Toronto-based iAnthus Capital Holdings Inc. (CSE: IAN) signed a letter of intent to buy Valley Agriceuticals LLC for $17.3 million in a mostly stock transaction, iAnthus announced Monday morning. Under the terms of the agreement, iAnthus will pay $2.3 million in cash and $15 million common shares of its common stock, priced at $2 per share, for Valley Ag.
Source: Canadian firm iAnthus makes $17.3M bid for spot in New York medical marijuana industry