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BRIEF-Verano Holdings Enters Into An Agreement For A Go-Public Transaction In Conjunction With Altmed Merger

Published 2020-12-15, 08:32 a/m
© Reuters.

Dec 15 (Reuters) -

* VERANO HOLDINGS ENTERS INTO AN AGREEMENT FOR A GO-PUBLIC TRANSACTION IN CONJUNCTION WITH ALTMED MERGER

* VERANO HOLDINGS - CONCURRENT SUBSCRIPTION RECEIPT OFFERING IS BEING CONDUCTED WHICH IS EXPECTED TO RAISE BETWEEN US$50 MILLION AND US$100 MILLION

* VERANO HOLDINGS - SUBSCRIPTION RECEIPTS ARE ANTICIPATED TO BE PRICED AT US$10 PER SUBSCRIPTION RECEIPT

* VERANO HOLDINGS - SUBSCRIPTION RECEIPTS PRICE IS BASED ON A US$2.8 BILLION PRE-MONEY VALUATION OF RESULTING ISSUER

* VERANO HOLDINGS - CANACCORD GENUITY CORP, BEACON SECURITIES LIMITED HAVE BEEN ENGAGED AS CO-LEAD AGENTS AND CO-BOOKRUNNERS IN FINANCING

* VERANO HOLDINGS - VERANO PARTICIPATING IN REVERSE TAKEOVER OF MAJESTA MINERALS; RESULTING CANADIAN REPORTING CO BEING NAMED "VERANO HOLDINGS CORP"

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