The Greenrose Holding Company (OTCQX:GNRS) Inc CEO Mickey Harley tells Proactive that it closed its previously announced acquisition of the assets of Arizona-based True Harvest LLC. Under the terms of the deal, Greenrose paid a consideration of $57.6 million at the close, consisting of $12.5 million in cash, $23 million in the form of a convertible note, $4.6 million in assumed debt, and $17.5 million in shares of the company’s stock. Harley says four new grow rooms will double its capacity this year.
The Greenrose Holding Company closes asset purchase of Arizonia cannabis producer True Harvest
