Ayurcann Holdings Corp. (TSE:AYUR) has released an update.
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Ayurcann Holdings Corp., a leading Canadian cannabis extraction company, is merging with Arogo Capital Acquisition Corp. in a deal valuing the combined entities at an estimated U.S. $210 million. Ayurcann, renowned for being the top vape producer in Ontario and among the top five pre-roll manufacturers, is poised to capitalize on the growing Canadian cannabis market, projected to reach US$5.63 billion by 2024. This strategic business combination is anticipated to bolster Ayurcann’s balance sheet with up to US$19.6 million in cash to support continued revenue growth and market share expansion.
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