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.領先的大麻多州運營商(CSE：TER)(場外交易代碼：TRSSF)週三宣佈，在收購了Gage Growth Corp.(CSE：GAGE)(場外交易市場代碼：GAEGF)，其子公司與美國證券交易所(MIPA)簽訂了會員權益購買協議(MIPA)修正案。持牌經營者蓋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根據加拿大商業公司法簽訂了一項協議，根據法院批准的計劃，擬議收購Gage的所有證券。
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“第一筆交易”的完成，進而加快交易的完成。目前沒有對MIPA進行其他修訂。
The MIPA ‘First Closing’
MIPA的“第一次閉幕”
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).
根據TerrAscend的説法，在MIPA修正案生效之前，“第一次關閉”的條件是將佔Gage收入70%的大麻許可證和許可證轉讓給興旺企業有限責任公司(除其他條件外)。
The MIPA Amendment allows for the 70% revenue condition to now be achieved through AEY Holdings, LLC, in addition, to Thrive Enterprises, LLC.
MIPA修正案允許現在通過AEY Holdings，LLC實現70%的收入條件，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修正案是由特別委員會向TerrAscend董事會推薦的，董事會認為它符合公司的最佳利益。董事會一致通過了MIPA修正案。
Completion of the transaction remains subject to court approval and the requisite approval of Gage’s and TerrAscend’s shareholders.
交易的完成還有待法院的批准以及蓋奇和TerrAscend股東的必要批准。