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United Kingdom

Neptune Signs Definitive Agreement To Acquire The Assets Of Hemp Processor Sugarleaf Labs


Thursday, 9 May 2019 

May 9 (Reuters) - Neptune Wellness Solutions Inc ::NEPTUNE SIGNS DEFINITIVE AGREEMENT TO ACQUIRE THE ASSETS OF HEMP PROCESSOR SUGARLEAF LABS.NEPTUNE WELLNESS SOLUTIONS INC - WILL ACQUIRE SUGARLEAF ON A DEBT-FREE BASIS FOR INITIAL CONSIDERATION AT CLOSING OF $18 MILLION.NEPTUNE WELLNESS SOLUTIONS INC - INITIAL CONSIDERATION TO BE PAID AS $12 MILLION IN CASH AND $6 MILLION IN COMMON SHARES.NEPTUNE - BY ACHIEVING PERFORMANCE TARGETS, ADDITIONAL CONSIDERATION OF UP TO US$132 MILLION WOULD BE PAID OVER EACH OF NEXT 3 YRS ON SUGARLEAF LABS DEAL. 

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