Friday, September 24

US pot producer Terrascend to buy rival Gage Growth for $545 mln-sources

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US pot producer Terrascend will buy Michigan-based rival Gage Growth Corp, backed by prominent cannabis investor Jason Wilde for around $545 million, two sources familiar with the matter told Reuters on Wednesday.

The deal could be announced as soon as Wednesday, the sources said. Both companies shares were halted premarket on the Canadian Stock Exchange for news pending. (Reporting by Shariq Khan)

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