M&A
confidence high
sentiment positive
materiality 0.75
Can B Corp. acquires $5.3M in hemp processing assets from TWS Pharma and $1.4M from Music City Botanicals
Can B Corp
- TWS assets acquired for $5.3M: $1.25M promissory note (6%, 12-month, $100k/mo) and $4.07M in CANB stock at $0.62/share.
- MCB assets acquired for $1.39M: $498k cash and $896k in CANB stock at $0.62/share.
- Acquisition includes 50,000 sq ft in three CO facilities targeting 1.5M lbs biomass annual throughput.
- Startup costs ~$250k with 30-day ramp; each million lbs biomass could yield ~15,000 liters isomers worth $10M at current prices.
- Bradley Lebsock, a significant employee, introduced CANB to TWS and MCB (potential related-party note).