Green Economy | Cannabis Industry Financial News March 12, 2021 – mg Magazine

Ayr Wellness and Liberty Health Sciences Announce Closing of Arrangement

Ayr Wellness Inc. (CSE: AYR.A; OTCQX: AYRWF) acquired all the common shares of Liberty Health Sciences Inc. (CSE: LHS; OTCQX: LHSIF). Under the terms of the arrangement, Liberty shareholders will receive 0.03683 Ayr subordinate voting shares for each Liberty Share held, equating to approximately 12.7 million new Ayr shares.

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“We are excited to welcome all Liberty stakeholders to the Ayr family, especially the over 300 members of the Liberty team,” said Ayr Chief Executive Officer Jonathan Sandelman. “We look forward to working with you and our successful future together. To the Liberty shareholders, thank you for your overwhelming support. You are Ayr shareholders now and we take that responsibility very seriously.”

Terra Vera Raises $2 Million in Seed Funding Round

Agricultural technology company Terra Vera closed a $2 million seed funding round, exceeding its original goal by $500,000. The company will use the capital to complete the commercial market rollout of its services and crop management technologies.

“Since its inception in 2020, Terra Vera has worked diligently to develop cutting edge technologies to meet the complex, ever-transforming needs of contemporary cultivators and their discerning consumer bases,” said Terra Vera Chief Executive Officer Carlos Perea. “Our company’s accelerated growth and expansion along with this successful, oversubscribed fundraising round reflects investors’ confidence in our capability to transform these industries by offering environmentally conscious solutions to eradicate unwanted pathogens and increase product safety and consumer confidence. We look forward to an auspicious 2021 and expanding our services and systems to cultivators in new states from coast to coast.”

Terravida Holistic Centers Inks Agreement to Merge with Verano Holdings

Pennsylvania-based TerraVida Holistic Center LLC signed a merger agreement with multi-state cannabis operator Verano Holdings Corp. (CSE: VRNO). Consideration for the merger

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