Canadian Cannabis Retail Giant Tokyo Smoke Restructures, Seeks Stronger Future Via $56.7M Share Deal
Canadian Cannabis Retail Giant Tokyo Smoke Restructures, Seeks Stronger Future Via $56.7M Share Deal
As a result, the company agreed to close 29 of its stores, with the continued operation of approximately 167 locations across Ontario, Manitoba, Saskatchewan, Newfoundland and Labrador.Canadian recreational cannabis retailer Tokyo Smoke entered into a share subscription agreement with TS Investments Corp., its parent company. Under the deal, TS Investments will subscribe to all of the issued and outstanding shares of Tokyo Smoke.
加拿大休闲大麻零售商Tokyo Smoke与其母公司TS Investments Corp.签署了一份股份认购协议。根据协议，TS Investments将认购Tokyo Smoke的全部已发行和流通股。
The deal is valued at roughly $56.7 million (CA$77 million).
该交易价值大约5670万美元（加拿大7700万加元）。
What Happened: Tokyo Smoke, previously owned by Canopy Growth Corporation (NASDAQ:CGC) (TSX:WEED), announced in August that it started restructuring its business and obtained an initial order under the Companies Creditors Arrangement Act (CCAA) from the Ontario Superior Court of Justice in Canada.
发生了什么：先前由Canopy Growth Corporation（纳斯达克股票代码CGC）（tsx股票代码WEED）拥有的Tokyo Smoke在8月宣布开始重新调整其业务，并获得了加拿大安大略省高等法院的初步命令。公司同意关闭其29家店铺，但将继续在安大略省、曼尼托巴省、萨斯喀彻温省、纽芬兰和拉布拉多地区的大约167家店铺。
As a result, the company agreed to close 29 of its stores, with the continued operation of approximately 167 locations across Ontario, Manitoba, Saskatchewan, Newfoundland and Labrador.
结果，公司同意关闭29家店铺，但将继续在安大略省、曼尼托巴省、萨斯喀彻温省、纽芬兰和拉布拉多地区的大约167家店铺运营。
As part of the stalking horse agreement, the company has received court approval to start a process for selling or restructuring the business. Tokyo Smoke's goal is to explore all options to improve its current situation and is looking for interested buyers or investors who might offer more than what TS Investments is currently offering.
作为爱国者协议的一部分，该公司已获得法院批准启动出售或重组业务的程序。Tokyo Smoke的目标是探索所有选项以改善其当前状况，并寻找感兴趣的买家或投资者，他们可能提供比TS Investments当前提供的更高的价格。
Read Also: Tokyo Smoke To Feature Travis 'Organik' Fleetwood Weed Brand
阅读更多：Tokyo Smoke将展示Travis 'Organik' Fleetwood大麻品牌
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Why It Matters: Tokyo Smoke seeks to align its operations with current market and regulatory conditions.
为何重要：Tokyo Smoke 寻求将其业务与当前市场和监管条件保持一致。
The company said it plans to exit from CCAA protection as "a stronger business, better positioned to continue providing premium products to its customers over the long-term while continuing to provide jobs to its dedicated employees across Canada," the company said in a press release.
公司表示，计划退出 CCAA 保护，成为“一个更强大的企业，更好地为其顾客提供优质产品，同时继续为其全国员工提供就业机会”，公司在新闻稿中表示。
What's Next: The two-phase sale process starts on Friday, Sept.20, including:
接下来是什么：两阶段销售程序从9月20日星期五开始，包括：
- Phase I, which is intended to solicit non-binding letters of interest. The deadline to submit letters of interest compliant with the sale process terms is Oct. 21, 2024.
- Phase II will solicit binding agreements from compliant parties with bids required to be submitted by Nov. 11, 2024.
- 第一阶段旨在征集非约束性意向书。提交符合销售流程条款的意向书的截止日期为2024年10月21日。
- 第二阶段将征集符合方的具有约束力的协议，要求出价必须在2024年11月11日之前提交。
- Canada's Cannabis Growth Slowed Due To Federal Gov Inaction, Key Industry Leader Says
- 加拿大的大麻股增长放缓，主要行业领导者表示这是由于联邦政府的不作为。
Photo: Courtesy of Pixabay
照片：由 Pixabay 提供
