M&A
confidence high
sentiment positive
materiality 0.90
Cannabis Sativa and MJ Harvest sign definitive merger; MJHI shareholders to own 72% of combined entity
Dogecoin Cash, Inc.
- Exchange ratio: 1 MJHI share = 2.7 CBDS shares; post-merger shares outstanding: 167,369,863.
- MJHI shareholders to own ~72% of surviving company; CBDS shareholders ~28%.
- Merger expected to close Q4 2022, subject to shareholder approvals and SEC S-4 effectiveness.
- Surviving board: Patrick Bilton, Brad Herr, Randy Lanier, Clinton Pyatt, David Tobias; CEO Patrick Bilton.
- Combined company to shift from telehealth to vertically integrated cannabis operations across 10 states.