Canadian Cannabis Retail Giant Tokyo Smoke Restructures, Seeks Stronger Future Via $56.7M Share Deal
Canadian Cannabis Retail Giant Tokyo Smoke Restructures, Seeks Stronger Future Via $56.7M Share Deal
As a result, the company agreed to close 29 of its stores, with the continued operation of approximately 167 locations across Ontario, Manitoba, Saskatchewan, Newfoundland and Labrador.Canadian recreational cannabis retailer Tokyo Smoke entered into a share subscription agreement with TS Investments Corp., its parent company. Under the deal, TS Investments will subscribe to all of the issued and outstanding shares of Tokyo Smoke.
加拿大休閒大麻零售商Tokyo Smoke與其母公司TS Investments Corp.簽署了一份股份認購協議。根據協議，TS Investments將認購Tokyo Smoke的全部已發行和流通股。
The deal is valued at roughly $56.7 million (CA$77 million).
該交易價值大約5670萬美元（加拿大7700萬加元）。
What Happened: Tokyo Smoke, previously owned by Canopy Growth Corporation (NASDAQ:CGC) (TSX:WEED), announced in August that it started restructuring its business and obtained an initial order under the Companies Creditors Arrangement Act (CCAA) from the Ontario Superior Court of Justice in Canada.
發生了什麼：先前由Canopy Growth Corporation（納斯達克股票代碼CGC）（tsx股票代碼WEED）擁有的Tokyo Smoke在8月宣佈開始重新調整其業務，並獲得了加拿大安大略省高等法院的初步命令。公司同意關閉其29家店鋪，但將繼續在安大略省、曼尼托巴省、薩斯喀徹溫省、紐芬蘭和拉布拉多地區的大約167家店鋪。
As a result, the company agreed to close 29 of its stores, with the continued operation of approximately 167 locations across Ontario, Manitoba, Saskatchewan, Newfoundland and Labrador.
結果，公司同意關閉29家店鋪，但將繼續在安大略省、曼尼托巴省、薩斯喀徹溫省、紐芬蘭和拉布拉多地區的大約167家店鋪運營。
As part of the stalking horse agreement, the company has received court approval to start a process for selling or restructuring the business. Tokyo Smoke's goal is to explore all options to improve its current situation and is looking for interested buyers or investors who might offer more than what TS Investments is currently offering.
作爲愛國者協議的一部分，該公司已獲得法院批准啓動出售或重組業務的程序。Tokyo Smoke的目標是探索所有選項以改善其當前狀況，並尋找感興趣的買家或投資者，他們可能提供比TS Investments當前提供的更高的價格。
Read Also: Tokyo Smoke To Feature Travis 'Organik' Fleetwood Weed Brand
閱讀更多：Tokyo Smoke將展示Travis 'Organik' Fleetwood大麻品牌
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Why It Matters: Tokyo Smoke seeks to align its operations with current market and regulatory conditions.
爲何重要：Tokyo Smoke 尋求將其業務與當前市場和監管條件保持一致。
The company said it plans to exit from CCAA protection as "a stronger business, better positioned to continue providing premium products to its customers over the long-term while continuing to provide jobs to its dedicated employees across Canada," the company said in a press release.
公司表示，計劃退出 CCAA 保護，成爲「一個更強大的企業，更好地爲其顧客提供優質產品，同時繼續爲其全國員工提供就業機會」，公司在新聞稿中表示。
What's Next: The two-phase sale process starts on Friday, Sept.20, including:
接下來是什麼：兩階段銷售程序從9月20日星期五開始，包括：
- Phase I, which is intended to solicit non-binding letters of interest. The deadline to submit letters of interest compliant with the sale process terms is Oct. 21, 2024.
- Phase II will solicit binding agreements from compliant parties with bids required to be submitted by Nov. 11, 2024.
- 第一階段旨在徵集非約束性意向書。提交符合銷售流程條款的意向書的截止日期爲2024年10月21日。
- 第二階段將徵集符合方的具有約束力的協議，要求出價必須在2024年11月11日之前提交。
- Canada's Cannabis Growth Slowed Due To Federal Gov Inaction, Key Industry Leader Says
- 加拿大的大麻股增長放緩，主要行業領導者表示這是由於聯邦政府的不作爲。
Photo: Courtesy of Pixabay
照片：由 Pixabay 提供
譯文內容由第三人軟體翻譯。