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Pac Roots Cannabis Corp. has successfully completed a Share Purchase Agreement to acquire all shares of Lords of Grasstown Holdings Ltd., a prominent cannabis motorcycle lifestyle brand. The acquisition facilitates Pac Roots' entry into the U.S. cannabis market, particularly in California, through Grasstown's established brand. The total purchase price includes $50,000 cash and 6 million common shares, benefiting Grasstown's shareholders. The company has also entered consulting agreements with Grasstown's creative team to enhance brand development and market expansion.
Pac Roots Cannabis Corp. (PACRF) has signed a Share Purchase Agreement to acquire all shares of Lords of Grasstown Holdings Ltd., a cannabis lifestyle brand. The transaction, scheduled to close on Feb. 19, 2021, includes a cash payment of $50,000 and the issuance of 6,000,000 common shares. The acquisition aims to leverage Grasstown's strong community presence and strategic partnerships in the motorcycle and cannabis sectors, enhancing Pac Roots' offerings in California and British Columbia.
