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.
https://mjbizdaily.com/valens-to-enter-us-via-40m-purchase-of-florida-cbd-firm-green-roads/
