DionyMed Acquires California Cannabis Company Through REIT Transaction

Cannabis Business Times
Aug 1, 2019, 9:57 am289 pts
DionyMed, a publicly traded Canadian cannabis brand, is acquiring MMAC’s 1.83-acre cannabis campus in Los Angeles. The purchase price is $13 million in cash and $6 million in stock. Because the real property in this transaction will flow through a real estate investment trust (REIT), the M&A deal functions as…

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