M&A
confidence high
sentiment positive
materiality 0.70
Global Asset Management Group, Inc. (GAMG): M&A transaction — Global Asset Management acquires five entities for 35.8M shares; gains options on Illinois cannabis licenses
Global Asset Management Group, Inc.
- Acquired 100% of SCG, SP, ST1, ST2, and TMD for 35,780,924 shares of common stock.
- Portfolio includes 33k sf edge data center and 18k sf manufacturing property.
- Options to purchase Illinois cannabis craft grow, infuser, and transporter licenses for $1 each, subject to regulatory approval.
- Company to provide non-plant touching services (real estate, equipment, brand) to cannabis industry pending federal rescheduling.
- No financial terms or revenue figures disclosed for acquired entities.