TerrAscend Enters Into Agreement to Acquire Gage's Licensed Operators
TerrAscend Enters Into Agreement to Acquire Gage's Licensed Operators
TerrAscend Corp. (CSE:TER) (OTCQX:TRSSF), a leading cannabis multi-state operator, announced Wednesday that, after acquiring Gage Growth Corp. (CSE:GAGE) (OTCQX:GAEGF), its subsidiary entered into an amendment to the membership interest purchase agreement (MIPA) with the licensed operators that Gage supports in the State of Michigan.
TerrAscend Corp.领先的大麻多州运营商(CSE：TER)(场外交易代码：TRSSF)周三宣布，在收购了Gage Growth Corp.(CSE：GAGE)(场外交易市场代码：GAEGF)，其子公司与美国证券交易所(MIPA)签订了会员权益购买协议(MIPA)修正案。持牌经营者盖奇在密歇根州支持的。
On September 1, 2021, TerrAscend entered into an agreement for the proposed acquisition of all of the securities of Gage, through a court-approved plan, under the Canada Business Corporations Act.
2021年9月1日，TerrAscend根据加拿大商业公司法签订了一项协议，根据法院批准的计划，拟议收购Gage的所有证券。
The purpose of the MIPA Amendment is to potentially expedite the ‘First Closing’ and, in turn, the completion of the transaction. No other amendments are being made to the MIPA.
MIPA修正案的目的是有可能加快“第一笔交易”的完成，进而加快交易的完成。目前没有对MIPA进行其他修订。
The MIPA ‘First Closing’
MIPA的“第一次闭幕”
According to TerrAscend, prior to entering into the MIPA Amendment, the ‘First Closing’ was conditional upon the transfer of cannabis licenses and permits representing 70% of Gage’s revenue to Thrive Enterprises, LLC (among other conditions).
根据TerrAscend的说法，在MIPA修正案生效之前，“第一次关闭”的条件是将占Gage收入70%的大麻许可证和许可证转让给兴旺企业有限责任公司(除其他条件外)。
The MIPA Amendment allows for the 70% revenue condition to now be achieved through AEY Holdings, LLC, in addition, to Thrive Enterprises, LLC.
MIPA修正案允许现在通过AEY Holdings，LLC实现70%的收入条件，此外，To Thrive Enterprise，LLC。
The MIPA Amendment was recommended by the Special Committee to the TerrAscend board of directors, which determined it to be in the best interest of the firm. The board of directors unanimously approved the MIPA Amendment.
MIPA修正案是由特别委员会向TerrAscend董事会推荐的，董事会认为它符合公司的最佳利益。董事会一致通过了MIPA修正案。
Completion of the transaction remains subject to court approval and the requisite approval of Gage’s and TerrAscend’s shareholders.
交易的完成还有待法院的批准以及盖奇和TerrAscend股东的必要批准。