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Stock impact report

MedMen acquires PharmaCann for $682M [Seeking Alpha]

Obsidian Energy Ltd. (OBE) 
Last obsidian energy ltd. earnings: 8/2 06:30 am Check Earnings Report
US:NYSE Investor Relations: obsidianenergy.com/investor-centre
Company Research Source: Seeking Alpha
MedMen ( OTCQB:MMNFF ) announced acquisition PharmaCann, one of the largest medical cannabis providers in the U.S., in an all-stock transaction valued at $682M. PharmaCann holders will own ~25% of the fully-diluted shares of MedMen upon closing and will be subject to lock up agreements for a period of 6-12 months. The resulting pro-forma company (including pending acquisitions by MedMen) will have a portfolio of cannabis licenses in 12 states that will permit the combined company to operate 79 cannabis facilities. The transaction is subject to regulatory approvals. Click to subscribe to real-time analytics on MMNFF Now read: Obsidian Energy May Have A Challenging Q4 2018 » Subscribe for full text news in your inbox Show less Read more
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