Little Green Pharma Ltd (ASX:LGP) acquired Spectrum Cannabis Denmark Aps from Canopy Growth Corporation (TSX:WEED) for CAD 20 million on June 21, 2021. As per the transaction, Little Green Pharma Ltd will pay CAD 20 million in cash on cash-free, debt-free basis with CAD 10 million paid at the completion and the remaining CAD 10 million payable in 12 months pursuant to a retained loan at an imputed interest rate of 12.5%. Initial consideration will be financed from the proceeds of placement. As a part of the transaction, Spectrum Cannabis Denmark Apss team will join Little Green Pharma Ltd.
Little Green Pharma Ltd (ASX:LGP) completed the acquisition of Spectrum Cannabis Denmark Aps from Canopy Growth Corporation (TSX:WEED) on June 21, 2021. Spectrum Therapeutics will be renamed Little Green Pharma Denmark as a result of the acquisition.