- Leviathan Natural Products (EPIC) has acquired all the issued and outstanding shares in Tirthankar Ltd.
- Tirthankar shareholders received cash consideration of $1.8 million and 15,750,000 common shares of Leviathan
- Leviathan Natural Products Inc. is a multi-jurisdictional cannabis company
- Tirthankar operates fourteen retail cannabis stores in Ontario
- Leviathan Natural Products Inc. (EPIC) opened trading at C$1.20
Leviathan Natural Products (EPIC) has acquired all the issued and outstanding shares in Tirthankar Ltd.
Tirthankar shareholders received cash consideration of $1.8 million and 15,750,000 common shares of Leviathan. Leviathan will also issue 250,000 common shares to certain employees of the Tirthankar as a retention bonus.
Leviathan Natural Products Inc. is a multi-jurisdictional cannabis company. Leviathan is focused on expanding its current operations through mergers and acquisitions.
Tirthankar, a cannabis retail store operating under the retail brands T Cannabis and Cost Cannabis, offers a variety of cannabis brands and products, including flower, pre-rolls, concentrates, edibles, beverages, vapes, topicals, seeds, and accessories.
The retail cannabis stores operating through the T Cannabis and Cost Cannabis brands are expected to generate annual revenues of approximately $35 million in the first 12 months following the acquisition.
Tirthankar operates fourteen retail cannabis stores in Ontario.
Leviathan Natural Products Inc. (EPIC) opened trading at C$1.20.
