Cannabis Extraction Company Ayurcann To Merge With Arogo, Resulting In $210M Entity
Canadian cannabis extraction company Ayurcann Holdings Corp. (CSE:AYUR) (OTCQB:AYURF) (FSE: 3ZQ0) and a special purpose acquisition company Arogo Capital Acquisition Corporation (NASDAQ:AOGO) entered into a definitive business combination agreement. The combined company will be worth $210 million.
“Ayurcann is one of the most innovative companies we have encountered, particularly in cannabis extraction and product development,” stated Suradech Taweesaengsakulthai, CEO and director of Arogo. “With their impressive achievements and forward-looking plans, this business combination is set to drive the business onto a new growth trajectory, enhancing its capabilities and expanding the market reach in meaningful ways.”
Miami, Florida and Toronto, …