M&A
confidence high
sentiment negative
materiality 0.40
General Cannabis sells cultivation consulting unit Next Big Crop for up to $150k plus profit share
TREES Corp (Colorado)
- Sale to NBC Holdings and Richard Cardinal for $75k at signing, $75k in one year, plus 10% of profits from MI, MS, MA for 12 months.
- Closing subject to condition that a significant customer pays $280k outstanding invoices to the Company.
- Company will discontinue Operations Consulting and Products Segment; substantially all NBC employees resigned.
- Exit costs associated with the disposition are not expected to be significant.