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COPHF / Australian Creso Pharma To Enter US CBD Market Via $21M Acquisition Of Sierra Sage Herbs

Cannabis company Creso Pharma Limited (ASX: CPH) (OTC: COPHF) (FRA:1X8) is entering the US CBD market, following a purchase agreement to acquire Colorado-based consumer packaged goods company, Sierra Sage Herbs, LLC. Under the agreement and subject to shareholder approval, Creso Pharma, via its wholly-owned subsidiary, Creso Pharma US, Inc, will purchase a 100% interest in SSH for a total upfront consideration of $21 million, payable by the issue of fully paid ordinary shares, based on the 10-day volume-weighted average price at the date of execution of the agreement, being $0.083, and the AUD/USD exchange rate as at the date of closing. Read More

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Posted: Feb 4 2022, 09:30

Author Name: Benzinga

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COPHF / Australian Creso Pharma To Enter US CBD Market Via $21M Acquisition Of Sierra Sage Herbs

Australian

Creso

Pharma

Enter

Market

21m

Acquisition

Sierra

Stock

COPHF

COPHF News

Creso Pharma psychedelics subsidiary Halucenex Life Sciences broadens scope ahead of Phase 2 clinical trials

Creso Pharma subsidiary on official list to provide psilocybin to Canadian doctors

Creso Pharma subsidiary on official list to provide psilocybin to Canadian doctors

Creso Pharma subsidiary on official list to provide psilocybin to Canadian doctors

Australian Creso Pharma To Enter US CBD Market Via $21M Acquisition Of Sierra Sage Herbs

Australian Creso Pharma To Enter US CBD Market Via $21M Acquisition Of Sierra Sage Herbs

Australian Creso Pharma To Enter US CBD Market Via $21M Acquisition Of Sierra Sage Herbs

Creso Pharma pushes into US CBD market with revenue-generating acquisition