April 1 (Reuters) - Cresco Labs Inc CL.CD :
* CRESCO LABS TO ACQUIRE ORIGIN HOUSE IN LARGEST-EVER PUBLIC COMPANY ACQUISITION IN THE U.S. CANNABIS SECTOR
* CRESCO LABS - TRANSACTION REPRESENTS A TOTAL CONSIDERATION OF APPROXIMATELY C$1.1 BILLION ON A FULLY-DILUTED BASIS
* CRESCO LABS- DEAL FOR C$12.68 PER ORIGIN HOUSE SHARE
* CRESCO LABS - HOLDERS OF SHARES OF ORIGIN HOUSE WILL RECEIVE 0.8428 SUBORDINATE VOTING SHARES OF CRESCO LABS FOR EACH ORIGIN HOUSE SHARE
* CRESCO LABS - ORIGIN HOUSE SHAREHOLDERS WILL HOLD ABOUT 20% OF CRESCO LABS SHARES ON A PRO FORMA, FULLY-DILUTED AND AS CONVERTED BASIS
* CRESCO LABS - TRANSACTION WILL BE EFFECTED BY WAY OF A PLAN OF ARRANGEMENT UNDER LAWS OF PROVINCE OF ONTARIO
* CRESCO LABS - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH OF CRESCO LABS AND ORIGIN HOUSE
* CRESCO LABS - MARC LUSTIG WILL BE APPOINTED TO EXECUTIVE MANAGEMENT TEAM OF CRESCO LABS
* CRESCO LABS - AGREEMENT CONTAINS TERMINATION FEE OF C$45 MILLION PAYABLE BY ORIGIN HOUSE IN EVENT THAT TRANSACTION IS TERMINATED IN CERTAIN CIRCUMSTANCES