Marijuana Stocks News⚡California Cannabis Company “Harborside” to Go Public in Canada⚡
What’s up boss, it’s once again Monday, you better know what that means, we are reading marijuana stocks news, and once again, we’ve got good cannabis news, especially for US investors that are interested in investing in marijuana stocks. And at the end of the video we will try to summurize what we are about to read right here, so if you have any difficulties understanding definitely stick around until the end to hear a summary of the article together with our professional opinion!
As you can see in the video I’m on the new cannabis ventures website, and I’ve got a great article infront of me that also is linked in the description of the video that you’re watching right now so if you also feel like reading it head over to the description, but anyhow let’s just get to it.
Iconic California Cannabis Company Harborside to Go Public in Canada in Deal Valued at 200 Million dollars Canadian.
So what you basically have to know about this transaction between those two marijuana companies is:
– number 1: Don’t worry if you are not getting it yet, or if you are not able to take action on it because the bare transaction is expected to close in the 4th quarter of the year, so not right now.
– Number 2: What basically is about to happen is Harborside is going to sell all of its shares outstanding to lineage, but lineage is not going to pay in dollars, or in money in that matter but they are going to pay in their own shares. So let’s say for an example that 1 share of Lineage is agreed to have a value of 1 dollar and harborside as a company, thus all of the shares are agreed to have a value of 100 dollars, then lineage will transfer 100 of its own shares to the owners of harborside in exchange for all of the outstanding shares of harborside.
– Number 3: the actual price per lineage shall be 16 and a half cents
– Number 4: Trading in Lineage Shares has been halted because of this announcement and will remain halted until the resumption of trading is approved by the CSE.
ORIGINAL PRESS RELEASE:
FOLLOW UP THE TRANSACTION HERE:
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Disclaimer 2: By the time you’re watching this video I may own shares of companies mentioned in this video, and do proclaim that this is NOT a speculative video.
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