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Deal snapshot: TWO RIVERS TO ACQUIRE ESTABLISHED B2B HEMP CONSUMABLE FIRM.

MANews-(C)2009-2019

US-based land and water investor Two Rivers Water and Farming Company (OTCQB: TURV) has signed a letter of intent to acquire 100% of the assets of hemp based and tobacco smokable products provider UST Mexico, Inc and its subsidiaries Hempacco Co, Inc and US Tobacco de Mexico, SA de CV, the company said.

The acquisition will enable Two Rivers to distribute products derived from its internal farm operations. On August, 6, 2019, Two Rivers executed a letter of intent with the seller to further position the company as a fully integrated leader in agriculture-based consumer products.

Country: USA

Sector: Food/Beverages/Tobacco

Target: UST Mexico, Hempacco Co, Inc and US Tobacco de Mexico, SA de CV

Vendor:

Deal size in USD: 15m

Type: Corporate Acquisition

Financing: Stock

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Aug 20, 2019
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