Valens to enter US via $40M purchase of Florida CBD firm Green Roads

Valens Co. has agreed to purchase Florida hemp-CBD manufacturer Green Roads in a $40 million deal that will allow the Canadian marijuana company to enter the United States cannabinoid market.

The $40 million up-front purchase price includes $25.4 million in Valens Co. common shares and up to $14.6 million in cash.

Green Roads can receive up to an additional $20 million in earnout payments if financial goals are met after the transaction.


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