Notes

Get This Report about Next Green Wave Holdings Inc(NXGWF) Stock Price Today


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<h1 style="clear:both" id="content-section-0">Everything about Damian Dunn's key foul shots secure Temple's 75-70 win over<br></h1>
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<p class="p__0">LAS VEGAS, NV/ ACCESSWIRE/ December 20, 2021/ Planet 13 Holdings Inc. (" World 13" or the "Company") (CSE: PLTH)( OTCQX: PLNHF) and Next Green Wave Holdings Inc. (" Next Green Wave" or "NGW") (CSE: NGW)( OTCQX: NXGWF) are happy to announce that they have actually gotten in into a conclusive plan agreement (the "Arrangement") pursuant to which Planet 13 will obtain all of the issued and outstanding typical shares (the "NGW Shares") of NGW, by method of a court authorized plan of plan, for total consideration of approximately C$ 91 million (the "Deal").</p>
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<p class="p__1">1081 of a typical share of Planet 13 (the "Exchange Ratio") based on computations as described below, and $0. 0001 in money, for each NGW Share held. Based on Find More Details On This Page -day volume weighted average price (" VWAP") and the Exchange Ratio as at December 17, 2021, the implied offer cost per NGW Share is C$ 0.</p>
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<p class="p__2">The Exchange Ratio undergoes change as follows: If the 10-day VWAP of Planet 13 typical shares (the "Planet 13 Shares") on the CSE right away preceding the 2nd business day prior to the closing of the Deal (the "World 13 Closing Cost") is below C$ 5. 50 but above C$ 4.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://media-exp1.licdn.com/dms/image/C561BAQGLvtyM5_w_uA/company-background_10000/0/1566419758973?e=2159024400&amp;v=beta&amp;t=WLIrrq6Gd_of3Gtdw-oOrXUFkwEh7DI77G9_QYrWSGM" alt="Next Green Wave - California Connoisseur Cannabis – A true craft Cannabis company for the California connoisseur."><span style="display:none" itemprop="caption">News Releases – Next Green Wave - California Connoisseur Cannabis</span>
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<h1 style="clear:both" id="content-section-1">Our Green Wave - Google Books Result Diaries<br></h1>
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<p class="p__3">4650 divided by the Planet 13 Closing Price; If the World 13 Closing Rate is less than or equivalent to C$ 4. 06, then the Exchange Ratio shall be 0. 1145; and If the Planet 13 Closing Rate is higher than or equal to C$ 5. 50, then the Exchange Ratio shall be 0.</p>
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<p class="p__4">After giving result to the Transaction, and based upon pricing as of December 17, 2021, NGW Shareholders will hold roughly 9. 2% ownership in the pro-forma business (on a fully-diluted basis). Significant premium being offered to NGW Shareholders of approximately 44% based upon both company's 10-day VWAP and representing a suggested offer price of roughly C$ 0.</p>
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<p class="p__5">Deal is anticipated to be right away accretive to 2021 and 2022 EBITDA. Deal structure offers meaningful price defense versus market volatility in World 13's share price up to the conclusion of the Deal. NGW's operations will work as the backbone of World 13's continued focus on the California market. NGW will make it possible for World 13 to introduce their diverse brand name portfolio of exotic, pheno-hunted cultivars to the Santa Ana Super, Shop in addition to throughout the state.</p>
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