MJBizMag March 2021 - 23

GW shareholder would receive $200 in cash and $20 in
Jazz ordinary shares for each GW American Depositary
Share, resulting in an aggregate consideration
of $7.2 billion.
The proposed deal already has been approved by the
respective companies' boards and is expected to close
in the second quarter of this year.
Partnership Deal
Subversive Real
Estate Acquisition
REIT is combining
with Israeli marijuana
producer InterCure
in a deal that values InterCure at $300 million and is
intended to secure a Nasdaq listing for the combined
company. InterCure subsidiary Canndoc is Israel's
largest licensed cannabis producer, Subversive said in
a news release.
Subversive Real Estate Acquisition REIT, a subsidiary
of New York-based Subversive Capital, made a
qualifying transaction last October to convert from a
marijuana special purpose acquisition company to a
publicly traded real estate investment trust.
A $65 million private placement is intended " to fund
the growth of Canndoc following closing. " The deal is
expected to close in April, pending required shareholder
and regulatory approvals as well as approval to list on
the Nasdaq.
The combined company will be listed on the Nasdaq
exchange as a condition of closing and the Tel Aviv Stock
Exchange. Ehud Barak, a former Israeli prime minister
who now serves as Canndoc's chair, will serve as chair
of the combined company, with Canndoc's current
executive team remaining in place.
Have a company announcement you want us to
consider? Send a news release or general information
to omar.sacirbey@mjbizdaily.com. (Note: We're
looking for news about expansions, financing, deals,
partnerships and similar developments, not productrelated
announcements.
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March 2021 | mjbizdaily.com 23
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MJBizMag March 2021

Table of Contents for the Digital Edition of MJBizMag March 2021

MJBizMag March 2021 - 1
MJBizMag March 2021 - 2
MJBizMag March 2021 - 3
MJBizMag March 2021 - 4
MJBizMag March 2021 - 5
MJBizMag March 2021 - 6
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