Oct 30 (Reuters) - 48North Cannabis Corp NRTH.V :
* 48NORTH CANNABIS CORP. ANNOUNCES TRANSFORMATIONAL ACQUISITION AND $10MM PRIVATE PLACEMENT
* 48NORTH TO ACQUIRE ALL COMMON SHARES OF PRIVATELY-HELD GOOD & GREEN IN AN ALL-SHARE TRANSACTION VALUED AT $18 MILLION
* ACQUISITION PROVIDES 48NORTH WITH TOTAL EXPECTED 2019 PRODUCTION OF AT LEAST 45,000 KILOGRAMS OF HIGH-QUALITY DRIED CANNABIS
* AFTER CLOSING OF ACQUISITION, ALISON GORDON AND JEANNETTE VANDERMAREL WILL BECOME CO-CEOS OF 48NORTH
* $10 MILLION PRIVATE PLACEMENT OF UNITS, INCLUDES ABOUT $7 MILLION LEAD ORDER FROM U.S.-BASED PRIVATE INVESTMENT FUND