$NUGS announces it is finalizing negotiations for a series of strategic transactions that could reshape the California cannabis marketplace. Under the terms of the agreements, which are being negotiated and are not final, the Company will gain significant indoor, outdoor and greenhouse cannabis cultivation operations; an existing cannabis retail presence; a team of highly experienced cultivators and managers; and a direct cash infusion from a strategic investment group.

The transactions being negotiated are material and will result in a fundamental shift in the Company’s business, market value and ability to scale operations and cannabis assets under its control. In exchange for the acquired assets, the Company would issue a combination of restricted common and preferred shares to the strategic investment group and management team. In return, the strategic investors would make a direct cash investment and contribute significant operational and hard cannabis assets.

Cannabis Strategic Ventures in Final Negotiations to Significantly Expand Cannabis Cultivation and Retail Operations https://finance.yahoo.com/news/cannabis-strat...00861.html