C21 Investments Inc.(CSE:CXXI) (OTCQX:CXXIF) announced on Friday that its wholly-owned Nevada subsidiary,Silver State Relief, LLC,isbuying Deep Roots Harvest, Inc. in a $3.5 million deal.

Simultaneously, the company announced anon-brokered private placement of a principal amount of CA$1,000 ($740.939) secured convertible debenture unitsof the company for aggregate gross proceeds of up toCA$4 million.The proceeds will fund the deal to acquire the Nevada-based dispensary.

Dispensary Acquisition

The British Columbia-based company said in a press release that Silver State Relief is purchasing all or substantially all of Deep Roots' assets related to...