MA fine Ascend Wellness and Curaleaf. NY approved another 141 permits. Cannect Wellness raises $7M. Grown Rogue terminates advisory agreement with Vireo. Green Dragon sells CO warehouse for $11.4M.
what could be the reason behind abrupt termination...?
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Grown Rogue terminates advisory agreement with Vireo. As consideration for the early termination, Vireo will forfeit and return for cancellation 4,500,000 of the 8,500,000 share purchase warrants in Grown Rogue that are held by Vireo at a CAD$0.225 strike price and pay Grown Rogue $800,000 in cash. Vireo has the option of deferring the cash payment by making 4 quarterly payments of $250,000. Grown Rogue will also receive its full fee for the work performed in Q3 and retains its 10,000,000 warrants in Vireo"
what could be the reason behind abrupt termination...?
"
Grown Rogue terminates advisory agreement with Vireo. As consideration for the early termination, Vireo will forfeit and return for cancellation 4,500,000 of the 8,500,000 share purchase warrants in Grown Rogue that are held by Vireo at a CAD$0.225 strike price and pay Grown Rogue $800,000 in cash. Vireo has the option of deferring the cash payment by making 4 quarterly payments of $250,000. Grown Rogue will also receive its full fee for the work performed in Q3 and retains its 10,000,000 warrants in Vireo"