April 27 (Reuters) - Valens Company Inc. VLNS.TO :
* THE VALENS COMPANY ENTERS US MARKET WITH AGREEMENT TO ACQUIRE LEADING CBD COMPANY, GREEN ROADS
* VALENS COMPANY - DEAL FOR CLOSING CONSIDERATION OF US$40 MILLION
* VALENS COMPANY INC. - GREEN ROADS ACQUISITION IS EXPECTED TO BE ACCRETIVE TO COMPANY IN 2021
* VALENS COMPANY INC. - IF ALL MILESTONES ARE MET IN 2022, TRANSACTION REPRESENTS ABOUT 4.5X FISCAL 2022 EBITDA
* VALENS COMPANY - ON PRO FORMA BASIS, COMBINATION OF VALENS AND GREEN ROADS RESULTS IN BUSINESS WHICH GENERATED TOTAL REVENUE OF C$111.6M IN 2020
* VALENS - PURCHASE PRICE PAYABLE ON CLOSING IS US$40.0 MILLION, INCLUDING ISSUANCE OF ABOUT US$25.4 MILLION IN COMMON SHARES OF CO & UP TO US$14.6 MILLION IN CASH
* VALENS COMPANY - ENTERED DEFINITIVE AGREEMENT TO ACQUIRE ALL OF ISSUED & OUTSTANDING SHARES OF GREEN ROADS & ITS MAJORITY OWNED MANUFACTURING UNIT