(This story has been corrected to reflect the accurate price of the terminated deal.)
Canadian cannabis company TerrAscend ?is terminating? its proposed $33.5 million purchase of Gravitas Nevada.
With the deal’s collapse, TerrAscend paid $3 million to Gravitas as required under the purchase agreement.
TerrAscend is no longer liable for the remaining $30.5 million and 625,000 company shares.
For analysis and in-depth looks at the investment trends and deals driving the cannabis industry forward,?sign up for our premium subscription service,?Investor Intelligence.