US Marijuana Firms Merge in $850 Million Deal

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In what may be the largest U.S. transaction yet in the legal marijuana sector, Harvest Health & Recreation has entered a binding agreement to acquire Verano Holdings in an all-stock transaction valued at $850 million. The deal’s value is based on a Harvest share price of C$8.79 ($6.55). Harvest trades on the Canadian Stock Exchange and over the counter in the United States.

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