Leadership changes at Cannatrek and a renewed focus on financial discipline were key to Little Green Pharma’s confidence in the firms’ proposed merger, the largest deal in the sector to date, managing director Paul Long has said.
The deal would see ASX-listed Little Green Pharma acquire 100% of Cannatrek via a scheme of arrangement, with Cannatrek shareholders taking control of the combined group in what effectively amounts to a reverse takeover of LGP.
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