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Vertical Peak Holdings Inc., formerly High Fusion Inc., is a cannabis company focused on developing and manufacturing branded products for medical and adult recreational use. The company recently entered into a binding letter of intent to sell its California operations to Downwind Holdings Inc., a related party of Vertical Peak. Following this transaction, Vertical Peak will retain assets in Oregon and an equity interest in Neural Therapeutics Inc. With a portfolio that includes the OutCo and Thrive brands, Vertical Peak operates licenses for manufacturing, retail, and cultivation in California.
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Vertical Peak Holdings Inc. has entered into a binding letter of intent to sell all its California operations to Downwind Holdings Inc. The transaction includes the acquisition of assets and assumes financial obligations of approximately CAD $23.3 million. The parties will enter into a definitive agreement by September 9, 2023. The purchase price, including a deposit of US $50,000, is estimated at approximately CAD $12.3 million. The transaction is subject to minority shareholder approval.
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Vertical Peak Holdings and Neural Therapeutics announce the completion of the spin-out of Neural through a plan of arrangement. Vertical Peak shareholders will receive their pro rata portion of Neural shares. Neural intends to list its shares on a Canadian stock exchange in the near future. Vertical Peak will own approximately 13.67% of all issued and outstanding Neural shares.
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FAQ
What is the market cap of VERTICAL PEAK HLDGS NEW (SPLIF)?
The market cap of VERTICAL PEAK HLDGS NEW (SPLIF) is approximately 770.4K.
What is Vertical Peak Holdings Inc. formerly known as?
Vertical Peak Holdings Inc. was formerly known as High Fusion Inc.
What is Vertical Peak Holdings Inc.'s focus within the cannabis industry?
Vertical Peak Holdings Inc. focuses on developing and manufacturing branded products such as flower, pre-rolls, vapes, edibles, and oil extracts for medical and adult recreational use.
What recent transaction did Vertical Peak Holdings Inc. enter into?
Vertical Peak Holdings Inc. recently entered into a binding letter of intent to sell its California operations to Downwind Holdings Inc.
What assets will Vertical Peak Holdings Inc. retain after the transaction?
After the transaction, Vertical Peak Holdings Inc. will retain assets in Oregon and an equity interest in Neural Therapeutics Inc.
What brands are included in Vertical Peak Holdings Inc.'s portfolio?
Vertical Peak Holdings Inc.'s portfolio includes the OutCo and Thrive brands.
Where does Vertical Peak Holdings Inc. operate licenses?
Vertical Peak Holdings Inc. operates licenses for manufacturing, retail, and cultivation operations in California.
Who is Downwind Holdings Inc.?
Downwind Holdings Inc. is a private corporation owned by Samuel Austin Birch, a director of Vertical Peak Holdings Inc. and a principal of the Purchased Business.
What caution should investors exercise when considering Vertical Peak Holdings Inc. securities?
Investment in securities of Vertical Peak Holdings Inc. should be considered highly speculative, and prospective investors should consult their advisors prior to making any investment decisions.
What recent board change did Vertical Peak Holdings Inc. announce?
Vertical Peak Holdings Inc. announced the resignation of John Durfy as a director.
What is the contact information for Vertical Peak Holdings Inc.?
For further information, please contact Bill Gillespie, the Chief Executive Officer and Director of Vertical Peak Holdings Inc. at (888) 262 4645 or email bgillespie@nutritionalhigh.com.
VERTICAL PEAK HLDGS NEW
OTC:SPLIF
SPLIF Rankings
SPLIF Stock Data
770.42k
158.79M
19.3%
Drug Manufacturers - Specialty & Generic
Healthcare
United States of America
Toronto