Jan 24 (Reuters) - Westleaf Inc WL.V :
* WESTLEAF TO BECOME ONE OF CANADA'S LARGEST PREMIUM CANNABIS RETAILERS WITH EXERCISE OF ITS OPTION TO ACQUIRE CANNDARA
* WESTLEAF - PURCHASE PRICE IS PAYABLE IN COMMON SHARES IN CAPITAL OF WESTLEAF AT A DEEMED VALUE OF $2.24 PER COMMON SHARE
* WESTLEAF - AS A RESULT OF DEAL, CO RAISED GUIDANCE TO HAVE ABOUT 50 CANNABIS RETAIL LOCATIONS EXPECTED TO BE OPERATING BY END OF 2020