Fire Cannabis Inc. acquired 7.5% stake in National Concessions Group, Inc. for $6 million.
November 29, 2018
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Fire Cannabis Inc. acquired 7.5% stake in National Concessions Group, Inc. for $6 million on March 20, 2018. In related transactions, Fire acquired NS Holdings, Inc, Allied Concessions Group Inc. The aggregate consideration was $4.5 million and 2 million common shares at $0.75 per share.
Fire Cannabis Inc. completed the acquisition of 7.5% stake in National Concessions Group, Inc. on March 20, 2018.
SLANG Worldwide Inc. is a Canada-based cannabis consumer packaged goods company with a portfolio of various brands. The Company owns, licenses and/or markets five brands, which serve three categories: flower, inhalable concentrates and ingestible. Its portfolio consists of three distinct consumer packaged goods (CPG) brands, one retail brand and a product portfolio of 30 stock keeping units (SKUs). The Company brings its products to market through three channels: Core Markets-Colorado and Vermont, Emerging Markets-Strategic Partnerships in nine States and THC Free-Distribution & Ecommerce. Its Core Markets include Colorado and Vermont. Its Emerging Markets include Florida, Maine, New Mexico, Michigan, Pennsylvania, Washington, West Virginia, Maryland and Puerto Rico. Its THC Free includes dry herb vaporizer, the Firefly 2+, line of Alchemy Naturals CBD gummies, as well as batteries and various other product components including packaging and hardware.