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TerrAscend Enters Into Amendment to the Membership Interest Purchase Agreement to Acquire Gage's Licensed Operators and Extends Proxy Cut-Off for Voting at Special Meeting
TerrAscend Enters Into Amendment to the Membership Interest Purchase Agreement to Acquire...
About this update from Terrascend Corp.
[{"type":"text","content":"\n \n \n \n TerrAscend Enters Into Amendment to the Membership Interest Purchase Agreement to Acquire Gage's Licensed Operators and Extends Proxy Cut-Off for Voting at Special Meeting\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Amendment is expected to facilitate and potentially expedite the timeframe in which the conditions for the closing of the Acquisition of Gage may be completed\n \n \n \n \n Deadlines to accept proxies and revocations extended to\n \n 12:00 p.m. (Eastern time)\n \n on the date of the special meeting,\n \n November 11, 2021\n \n \n \n \n \n TerrAscend encourages all minority shareholders to submit their votes in advance of the extended proxy cut-off; over 99% of the votes submitted by minority shareholders have been voted FOR the ordinary resolution submitted to shareholders for consideration at the TerrAscend meeting\n \n \n \n \n NEW YORK\n \n and\n \n TORONTO\n \n ,\n \n Nov. 9, 2021\n \n /CNW/ - TerrAscend Corp. (\"TerrAscend\" or the \"Company\") (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis multi-state operator, today announced that, as part of its previously announced acquisition of Gage Growth Corp. (\"Gage\") (CSE: GAGE, OTCQX: GAEGF), a leading high-quality premium cannabis brand and operator, TerrAscend's wholly-owned subsidiary (the \"TerrAscend Subsidiary\") entered into an amendment (the \"MIPA Amendment\") to the membership interest purchase agreement (the \"MIPA\") with the owners of the licenses that Gage supports in the\n \n State of Michigan\n \n (the \"Licensed Operators\").\n \n \n As announced on\n \n September 1, 2021\n \n , TerrAscend entered into an arrangement agreement as amended (the \"Arrangement Agreement\") for the proposed acquisition of all of the issued and outstanding securities of Gage byway of a court-approved plan of arrangement under the\n \n Canada Business Corporations Act\n \n (the \"Transaction\").  As set out in TerrAscend's management information circular dated\n \n October 4, 2021\n \n (the \"T...