Lucy Scientific Discovery Inc. (NasdaqCM:LSDI) entered into an agreement to acquire BlueSky Wellness Inc. on September 12, 2023. Under the terms of the agreement, BlueSky's shareholders will receive 3.5 million shares of Lucy Scientific's stock, as well as annual earn out payments based on a multiple of annual EBITDA in each of the next five years. Lucy expects to complete the acquisition within 90 days, and will work closely with the BlueSky team during the transition.

Lucy Scientific Discovery Inc. (NasdaqCM:LSDI) cancelled the acquisition of BlueSky Wellness Inc. on March 6, 2024.