Aug 23 (Reuters) - 48North Cannabis Corp NRTH.V :
* 48NORTH ENTERS U.S. MARKET WITH ACQUISITION OF QUILL, A LEADING MULTI-STATE CANNABIS CPG BRAND
* 48NORTH CANNABIS CORP - TOTAL CONSIDERATION IS APPROXIMATELY $2.1 MILLION
* 48NORTH CANNABIS CORP - INTENDS TO PURSUE OPPORTUNITIES TO SELL QUILL PRODUCTS THROUGHOUT ITS EXISTING DISTRIBUTION NETWORK IN CANADA
* 48NORTH CANNABIS - IN ADDITION, CO TO PAY CONDITIONAL EARN-OUT IN SHARES BASED ON OVERALL OPERATING PERFORMANCE OF QUILL IN 2019, 2020 UP TO $3.2 MILLION