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Strategies & Market Trends : Golden Leaf GLH or GLDFf
GLDFF 0.00Jun 13 4:00 PM EDT

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From: Rocket Red12/3/2018 10:17:01 AM
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GOLDEN LEAF HOLDINGS FAVORABLY RESTRUCTURES DEAL TERMS WITH TAHOE HYDROPONICS

Golden Leaf Holdings Ltd. has favorably restructured the deal terms in its definitive agreement with Tahoe Hydroponics Company and 11T Corp. The deal was originally announced on Aug. 13, 2018.

Under the terms of the revised agreement, Golden Leaf will acquire all Nevada and California assets of Tahoe for a consideration of approximately C$33 million (US$25 million), consisting of approximately C$5.3 million (US$4 million) in cash at closing, and the balance in Golden Leaf stock as outined in detail below. The original agreement had a total consideration of approximately C$52.4M, consisting of approximately C$11.1 million (US$8.5 million) in cash at closing plus that number of shares that equated to a value of C$41.3 million based on Golden Leaf's 20-day VWAP of C$0.2050 for the period ending August 10, 2018. Details of the stock component of the revised agreement is as follows:
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