Das vertikal integrierte, auf Cannabis ausgerichtetes Landwirtschaftsunternehmen Terra Tech Corp. (OTCQX: TRTC) gab bekannt dass sie  mit Golden Leaf Holdings Ltd. (CSE: GLH) fusionieren möchten. Die sich aus der Fusion ergebende Gesellschaft wäre ein 100%-Tochter von TerraTech. Geht der Deal durch, wären die Aktionäre von Golden Leaf berechtigt 0,1203 Stammaktien von Terra Tech für jede von Golden Leaf gehaltene Stammaktie zu erhalten. Terra Tech hat derzeit 79,2 Millionen ausstehende Aktien. Als Abschlussbedingung muss Terra Tech seine Anteile im CSE listen lassen.

Derek Peterson, CEO of Terra Tech:

“As new participants enter the cannabis industry the market is undergoing rapid consolidation. The companies that are vertically integrated with strong brands and multi-jurisdictional operations are best situated to achieve scale and retain market-leading positions. We are planning to merge with Golden Leaf’s operations because its seed-to-sale business model is complementary to ours, encompassing both the Oregon and Canadian market which represent new markets for us, and touching Nevada where we are focused on gaining market share. Its ‘Chalice Farms’ retail dispensaries are well known and have an excellent reputation in Oregon, and the wholesale side of the business offers diverse, high quality cannabis products for all demographics, which are complementary to our existing wholesale product lines. This transaction, if completed, will create a combined company that will control 41 permits across cultivation, manufacturing, distribution and retail spanning Oregon, California and Nevada, in addition to 21 pending permit applications in multiple jurisdictions throughout the U.S.”

William Simpson, CEO von Golden Leaf:

“Golden Leaf is dedicated to building shareholder value and we are pleased to have this opportunity to combine forces with Terra Tech, an established, vertically-integrated cannabis operator with a presence in multiple states and, most importantly, a proven reputation and loyal customer base. We are excited at the prospect of significantly expanding our size and reach through this merger and believe that the combined company will improve our growth trajectory and enable us to benefit from several operational synergies that will improve the running of our business.”

Die beiden Aktien sind bisher vollkommen unbeeindruckt von dem Vorhaben.

Original Pressetext