Texas cannabis license and operations set for $30M sale

FLUENT Enters into Definitive Agreement to sell Texas Business

Green Stock News for the New Green Economy.

Texas cannabis license and operations set for $30M sale

Legacy would pay $25M at closing and $5M over two years. FLUENT plans to use the proceeds mainly to repay senior secured debt, pending approvals.

Legacy Therapeutics to Acquire Cansortium Texas

TAMPA, Fla. — Multistate operator FLUENT Corp. will sell 100 percent of its Texas division, Cansortium Texas LLC, to Legacy Therapeutics LLC in an all-cash deal valued at $30 million. The deal will include Cansortium’s license, cultivation, manufacturing, and delivery business in Schulenburg, Texas, as well as the company’s Houston retail operations. Legacy agreed to pay $25 million at closing and additional $2.5 million payments on each of the …