OTTAWA - Canadian cannabis branding company Origin House has entered into an agreement to be acquired by U.S. company Cresco Labs Inc. for approximately $1.1 billion. As part of the all-stock deal, Origin House common shareholders will receive 0.8428 subordinate voting shares of Cresco, a cannabis cultivator, processor and retailer headquartered in Chicago, for each share of the Ottawa-based pot firm. Ottawa-based cannabis branding company Origin House has entered into an agreement to be acquired by U.S. company Cresco Labs Inc. for approximately $1.1 billion. As part of the all-stock deal, Origin House common shareholders will fore each share receive 0.8428 subordinate voting shares of Cresco, a cannabis cultivator, processor and retailer headquartered in Chicago. Origin House, previously known as CannaRoyalty, has a portfolio of more than 50 brands in its portfolio including Chong’s Choice and Cheech’s Favourite Stash by cannabis comic Tommy Chong.

Source: thestar April 01, 2019 20:03 UTC