M&A
confidence high
sentiment positive
materiality 0.75
THC Therapeutics, Inc.: M&A transaction — THC Therapeutics acquires The Headquarters Group in ~$11M all-stock deal
THC Therapeutics, Inc.
- Acquired 100% of THG for 11,007 shares of new Series D Preferred stock, valued at ~$11M.
- THG subsidiaries include Jefferson Soul, Kalix, NPK Industries, Harvest Food for Life, and real estate; combined 2024 revenue ~$4.8M.
- Management cites 60+ years combined experience; plans vertical integration for growth in CA/OR cannabis markets.