FLUENT to sell Texas cannabis operations for $30M | Cannabis Law Report | How to order Skittles Moonrock online

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FLUENT Corp. (CSE: FNT.U; OTCQB: CNTMF) on Friday said it has entered into a definitive agreement to sell its Texas business, including cultivation, manufacturing, delivery and retail operations, to Legacy Therapeutics for $30 million.
Under the deal, $25 million will be paid at closing, with two additional $2.5 million payments due on the first and second anniversaries of completion.
The company said proceeds are expected to be used primarily to repay a portion of its senior secured debt, with remaining funds allocated to working capital and general corporate purposes.
Source: Press Release

https://www.msn.com/en-us/money/companies/fluent-to-sell-texas-cannabis-operations-for-30m/ar-AA22cedl?apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1