Terrace Global Inc. (“Terrace Global”) is pleased to announce it has entered into a definitive arrangement agreement pursuant to which The Flowr Corporation (“Flowr”) will acquire all of the issued and outstanding common shares in the capital of Terrace Global. Under the terms of the Agreement, holders of Terrace Global common shares will receive 0.4973 of a common share of Flowr for each Terrace Global common share held. The proposed transaction provides a 47% premium to Terrace Global’s current share price and a premium of 76% to the last Terrace Global financing at $0.125 per share. Also, Flowr has secured support from approximately 38% of the shareholders of Terrace Global.
Published Ncv Newswire, New Cannabis Ventures, 10/20/2020 10:01:57