Medicine Man Technologies To Buy Edible Maker Canyon LLC For $5.3M

Medicine Man Technologies, Inc. (OTC: MDCL) said Thursday it has signed a binding term sheet to acquire Canyon LLC,  a Colorado producer of premium-infused edibles.

The purchase price is $5.13 million in cash and common stock that will be fixed in the long form agreement, according to Medicine Man. The amount payable in cash wouldn’t exceed $2.565 million, and the shares will have a value of $3.07 per share.

“Canyon has been on our radar for several years given its strong following and high-quality manufacturing and …

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