The Flowr Corporation Acquires Terrace Global Inc.
October 19, 2020
The Flowr Corporation (TSXV: FLWR) will acquire all outstanding common shares of Terrace Global Inc. (TSXV: TRCE) in a court‑approved plan of arrangement in a share‑based transaction valuing Terrace at approximately $63 million. The deal (0.4973 Flowr shares per Terrace share, implied $0.22 per Terrace share) is intended to strengthen Flowr's international presence and create a vertically integrated cannabis platform with enhanced liquidity and reduced indebtedness.
- Buyers
- The Flowr Corporation
- Targets
- Terrace Global Inc.
- Sellers
- Terrace Global Inc., Terrace Global shareholders
- Industry
- Consumer Products
- Location
- Canada
- Transaction Type
- Buyout
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