Green Thumb Industries Inc. (CNSX:GTII) signed a definitive agreement to acquire Advanced Grow Labs, LLC for $99.9 million on January 7, 2019. The consideration to be paid includes $15 million to be paid in cash and 7 million subordinate voting shares of Green Thumb. The purchase agreement also includes additional consideration based on performance targets and up to an additional 1 million subordinate voting shares of Green Thumb subject to pricing conditions prior to closing. The transaction is subject to customary regulatory approvals and is expected to close in the first quarter of 2019. The transaction is accretive to shareholders of Green Thumb Industries.