Deal Snapshot
Ayr Strategies Moves to Definitive Merger Agreement with CannTech PA
Monday 30 November 2020

US vertically integrated cannabis multi-state operator Ayr Strategies (CSE: AYR.A) (OTCQX: AYRSF), a leading vertically integrated cannabis multi-state operator, has moved to a Definitive Merger Agreement from letter of intent with CannTech PA, LLC, the company said.

As previously announced on August 26, 2020, Ayr plans to purchase 100% of the membership interests of CannTech PA for total purchase consideration of USD 57m, which will be paid as to USD 27m in cash, USD 15m in exchangeable shares, each of which would be exchangeable for a subordinate voting share, and USD 15m in seller's notes.

Date Published: 30/11/2020