Columbia Care To Acquire Green Leaf Medical In A Deal Worth $240M

Columbia Care Inc. (NEO:CCHW)(CSE:CCHW)(OTC: CCHWF) will acquire fully-integrated multi-state cannabis operator, Green Leaf Medical.

The two companies entered a definitive agreement worth $240 million and consisting of $45 million payable in cash and $195 million payable via issuance of 43.9 million common shares of Columbia Care, with the potential for extra performance-based milestone payments in 2022 and 2023.

The transaction should be finalized in the summer, after which the complete management team of Green Leaf will be kept, and …

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