iAnthus Acquires MPX Bioceutical In $835 Million Deal
iAnthus Capital Holdings, Inc. (OTCQX: ITHUF) agreed to acquire MPX Bioceutical Corporation (OTC:MPXEF) in an all-stock transaction with offered equity consideration to MPX shareholders valued at C$835 million The agreement represents the first public to public merger transaction in U.S. cannabis history.“This is a watershed moment for iAnthus, as we nearly double the size of our national footprint in the United States. iAnthus will be uniquely positioned for success on the U.S. East Coast, while solidifying our cultivation and retail presence with the additions of California, Nevada, Maryland and Arizona,” said Hadley Ford, CEO of iAnthus. “Since its inception, iAnthus has been strategically focused on building scale, and this announcement crystallizes our positioning as one of the largest multi-state operators in North America.”
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Sweet. Let the weed market grow baby. That is why I hold Dope Coins sometimes.