Vista Group International Ltd (ASX: VGL) has reported that it acquired remaining 50% interest in the associate company – Numero Limited from Stuyar Pty Limited, taking its total interest to 100%.
- Transaction consideration is not material and involves cash & VGL stock.
- Final consideration of the transaction is dependent on earnings & revenue targets achieved by Numero in the next two years.
By 12:32 PM AEST, VGL was trading at $3.49, no change relative to the last close.
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Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s
Those phrases have become increasingly common as marijuana legalization spreads.
Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.
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