Company Overview

Company name: the+source Dispensaries
Also known as:
Description: Operator of medical marijuana dispensaries intended to provide a safe, clean, comfortable, respectful and compassionate environment. The company is engaged in cultivation, production and distribution of medical marijuana.
Year founded: 2013
Parent company: Xanthic Biopharma
Industry: Materials and Resources | Group: Agriculture | Code:
Website: www.thesourcenv.com
Employees:
City: Las Vegas
State: Nevada
Country: United States
Region: Americas

Financial Highlights

Start up capital raised (USD Million):
Business status: Generating Revenue
Ownership: Acquired/Merged (Operating Subsidiary)
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Gross profit (USD Million):
Net income (USD Million)
Enterprise value:
Earnings before interest, tax, depreciation and amortization (EBITDA):
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Financing Status: The company was acquired by Xanthic Biopharma (CNQ: XTHC) for $56.75 million on September 4, 2018. The acquisition marks a significant milestone for acquirer by adding a fully integrated cannabis company with established products and revenue in a major US market. The purchase price was satisfied by GGB Nevada, a subsidiary of acquirer, by payment of a $2 million deposit on July 16, 2018, a closing cash payment of $30.47 million and delivery of a secured promissory note in the principal amount of $21.565 million. The balance of $2.715 million owing to company’s members will be satisfied by the issuance of common shares of the resulting issuer following completion of acquirer’s previously announced proposed business combination with Green Growth Brands.
Number of active investors:
Profile last updated: 25-Oct-2018
Last known valuation: 56.75
Last known valuation date: 04-Sep-2018