Dec 20 (Reuters) - IGC Resources Inc IGCh.V :
* IGC RESOURCES AND WESTLEAF ANNOUNCE $7.5 MILLION INVESTMENT AND OPTION TO PURCHASE CANNABIS RETAILER CANNDARA CANADA
* IGC RESOURCES INC - TO PURCHASE REMAINING SHARES OF CANNDARA AT A PRE-DETERMINED VALUE OF $48.4 MILLION IN AN ALL-SHARE TRANSACTION
* IGC RESOURCES INC - DEAL TO ACQUIRE A 21.4% INTEREST IN CANNDARA CANADA INC.
* IGC RESOURCES INC - DEAL FOR WESTLEAF WILL PURCHASE $7.5 MILLION OF EXISTING CANNDARA SHARES FOR CASH