Greenway: Acquiring Cannabis Brands to Grow CPG Presence [Yahoo! Finance]
BlackBerry Limited (BB)
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Source: Yahoo! Finance
the " Company "), a cultivator of high-quality greenhouse cannabis for the Canadian market, has entered into an asset purchase agreement dated December 17, 2024 (the " Purchase Agreement ") with Choice Growers Cannabis Inc. (" Choice Growers "). Under the Purchase Agreement, Greenway has acquired all of Choice Growers' consumer packaged goods (" CPG ") brands, SKUs and listings of the brands, trademarks, goodwill, and other associated intellectual property in exchange for: (i) the indebtedness owed by Choice Growers to Greenway; and (ii) a royalty payment equal to varying percentages of Net Revenue (as defined in the Purchase Agreement) over a period of six years. Greenway Greenhouse Cannabis Corporation Logo (CNW Group/Greenway Greenhouse Cannabis Corporation) This acquisition encompasses all of Choice Growers' brands, including Grapefruit God Bud (also known as Grape God ), The Jeffrey, Watermelon Pebbles, Pink Lemonade, Duke Nukem, Tangerine Dream, and Blackberry Cheesecake.
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