Cannabis Extraction Company Ayurcann To Merge With Arogo, Resulting In $210M Entity
Cannabis Extraction Company Ayurcann To Merge With Arogo, Resulting In $210M Entity
Marijuana Extraction Company Ayurcann Reports 127.7% YoY Revenue Growth For The Third QuarterCanadian cannabis extraction company Ayurcann Holdings Corp. (CSE:AYUR) (OTCQB:AYURF) (FSE: 3ZQ0) and a special purpose acquisition company Arogo Capital Acquisition Corporation (NASDAQ:AOGO) entered into a definitive business combination agreement. The combined company will be worth $210 million.
加拿大大麻提取公司Ayurcann Holdings corp. （CSE:AYUR）（OTCQB:AYURF）（FSE: 3ZQ0）和一家特殊目的收购公司Arogo Capital Acquisition Corporation（NASDAQ:AOGO）已签订了一项明确的业务合并协议。合并后的公司将价值2.1亿美元。
"Ayurcann is one of the most innovative companies we have encountered, particularly in cannabis extraction and product development," stated Suradech Taweesaengsakulthai, CEO and director of Arogo. "With their impressive achievements and forward-looking plans, this business combination is set to drive the business onto a new growth trajectory, enhancing its capabilities and expanding the market reach in meaningful ways."
“Ayurcann是我们遇到的最创新的公司之一，特别是在大麻提取和产品开发方面，” Arogo的首席执行官兼董事Suradech Taweesaengsakulthai表示。“凭借他们卓越的成就和前瞻性的计划，这项业务合并将推动业务进入新的增长轨迹，增强其能力并以有意义的方式扩大市场覆盖面。”
Miami, Florida and Toronto, Canada-based cannabis company highlighted 100% year-over-year growth of gross revenue over the last three audited financial reporting years.
总部位于佛罗里达州迈阿密和加拿大多伦多的大麻公司强调，过去三个审核财务报告年度内营业收入同比增长了100%。
Marijuana Extraction Company Ayurcann Reports 127.7% YoY Revenue Growth For The Third Quarter
大麻提取公司Ayurcann报告第三季度营业收入同比增长127.7%
"We are proud of our team for what we have achieved as a company," Igal Sudman, chief executive officer of Ayurcann stated. "The business combination with Arogo, is our next step in growing the company nationally while allowing us to also look for international opportunities."
“我们为公司取得的成就感到自豪，” Ayurcann首席执行官Igal Sudman说。“与Arogo的业务合并是我们在全国范围内发展公司并在寻找国际机遇的下一步。”
Merger Highlights
合并亮点
Under the deal, Ayurcann will pay Arogo $19.6 million in cash. At the same time, it is expected that Ayrucann shareholders will benefit from "an implied pro forma enterprise value of approximately $210 million, at a price of $10.00 per share."
根据交易，Ayurcann将以1960万美元的现金支付Arogo。同时，预计Ayrucann股东将从“每股10美元的价格，获得约2.1亿美元的预示企业价值”。
The transaction is expected to close in the second half of 2024, subject to the receipt of all regulators, court, shareholders and other approvals, and the satisfaction or waiver of all customary closing conditions.
预计该交易将于2024年下半年完成，需要获得所有监管机构，法院，股东和其他批准，并满足或放弃所有惯例的收盘条件。
Under the transaction, ARC Group Limited will receive finder's fees in the amount of 799,731 common shares of the company.
根据该交易，ARC Group Limited将获得公司的79.9731万股普通股的发现费用。
Currently there are 194.7 million Ayurcann shares. Upon the transaction, the company projects that 260 million shares will be issued and outstanding, which will be consolidated on a 10:1 ratio, resulting in around 26 million shares.
目前有1.947亿股Ayurcann股票。交易后，公司预计将发行并流通2.6亿股股票，按比例合并为约2600万股。
Canadian Cannabis Companies Could See Valuations Soar By Up To 300% With Tax Reform, New Report Shows
新报告显示，随着税制改革，加拿大大麻公司的估值可能飙升高达300%
Photo: Courtesy of Pasuwan via Shutterstock
照片：由Pasuwan通过shutterstock提供
