MJ Biz report  that Connecticut-based marijuana firm BR Brands on Monday announced it will merge with Dixie Brands, a Denver manufacturer of cannabis-infused products and a consumer packaged goods company, in a $43 million reverse takeover.

Under the terms of the transaction, BR Brands will own 80% of the merged company and Dixie shareholders will possess the remaining 20%.


It’s BR Brands’ second foray into the Colorado market in the past sixth months.
The transaction is expected to be completed in the third quarter of 2020.

Full report:

 

Cannabis firm BR Brands plans $43 million deal for Denver’s Dixie Brands