M&A
confidence high
sentiment positive
materiality 0.65
Bespoke Extracts to acquire Best Day Ever assets for 125M shares
Bespoke Extracts, Inc.
- Bespoke will issue 125M shares of common stock to acquire BDE's assets, with lockups of 6 and 12 months.
- Assumes up to $125K in equipment-based financing and enters leases for Aspen and Glenwood Springs locations.
- Michael Gurtman, founder of BDE, will become Chief Cultivation Officer and join Bespoke's board post-close.
- Transaction expected to close in Q4 2022, pending Colorado regulatory approvals and customary conditions.
- Acquisition creates a vertically integrated Colorado cannabis company with 2 dispensaries and a 16K sq ft cultivation center.