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BRIEF-48North To Buy Quill

Published 2019-08-23, 08:58 a/m
© Reuters.  BRIEF-48North To Buy Quill
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Aug 23 (Reuters) - 48North Cannabis Corp NRTH.V :

* 48NORTH ENTERS U.S. MARKET WITH ACQUISITION OF QUILL, A LEADING MULTI-STATE CANNABIS CPG BRAND

* 48NORTH CANNABIS CORP - TOTAL CONSIDERATION IS APPROXIMATELY $2.1 MILLION

* 48NORTH CANNABIS CORP - INTENDS TO PURSUE OPPORTUNITIES TO SELL QUILL PRODUCTS THROUGHOUT ITS EXISTING DISTRIBUTION NETWORK IN CANADA

* 48NORTH CANNABIS - IN ADDITION, CO TO PAY CONDITIONAL EARN-OUT IN SHARES BASED ON OVERALL OPERATING PERFORMANCE OF QUILL IN 2019, 2020 UP TO $3.2 MILLION

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