Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) Acquires Iconic Grasstown Brand, Closes $1.34M Private Placement

March 22, 2021 12:00:34
  • PACR recently closed share purchase agreement to acquire Lords of Grasstown Holdings Ltd.
  • Lords of Grasstown is iconic brand with loyal following anchored in motorcycle culture of Pacific Northwest
  • PACR closed non-brokered private placement with aggregate gross proceeds of $1,340,685.90

Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF), a Canada-based cannabis company dedicated to producing premium-quality strains and products through a genetics-focused approach, recently announced the closing of a share purchase agreement with the shareholders of Lords of Grasstown Holdings Ltd. whereby the company will acquire all its issued and outstanding shares. The company also announced the closing of its previously announced non-brokered private placement with aggregate gross proceeds of $1,340,685.90 to be used for business and brand development, and as general working capital.

Grasstown is a well-established brand that fuses motorcycle and cannabis culture. Spawned from the vision of Tyler Hazelwood, the founder and director of the iconic Lords of Gastown brand, Grasstown has built a loyal following anchored in the motorcycle culture of the Pacific Northwest. The total purchase price pursuant to the share purchase agreement will be comprised of a cash payment of…

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