SOL Global's CannCure and MCP Wellness Mutually Agree to Terminate Binding LOI While Continuing Strategic Partnership

SOL Global to Focus Resources and Investments on Growing Florida Market And Its Purchase of California Premium Cultivator Northern Emeralds

MCP Wellness To Repay All $12.5 Million Advanced By SOL Global and CannCure

TORONTO, Nov. 27, 2019 /PRNewswire/ – SOL Global Investments Corp.’s (“SOL Global” or “Company”) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) portfolio company CannCure Investments Inc. (“CannCure”), owner/operator of the licensed Florida medical marijuana treatment center One Plant (previously named as 3 Boys Farms) and proposed purchaser of the famed California craft cannabis cultivator ECD Holdings, Inc., d/b/a Northern Emeralds (“Northern Emeralds”), today announced it has entered into a mutual termination agreement and promissory note with MCP Wellness to terminate the binding letter of intent (the “Binding LOI”) dated April 23, 2019 whereby the Company was to acquire 100% of the stock of MCP Wellness (“MCP”) for $35 million in cash and US$115 million in equity consideration in CannCure.

MCP is the Merida Capital Partners affiliate that owns the rights to own three Michigan cultivation licenses, a processing license, 9 licensed and operating provisioning centers (“dispensaries”), and 6 additional dispensary licenses, giving it the largest retail footprint in the state of Michigan.

Both MCP and the Company have recognized that current

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