BZAM To Purchase Additional Shares Of BZAM Cannabis
Portfolio Pulse from Vuk Zdinjak
BZAM Ltd. (OTCQX:BZAMF) (CSE:BZAM) plans to purchase 630,000 class A shares of BZAM Cannabis Corp. from minority shareholders. The company will issue 255,000 common shares at an average price of $0.225 per share as consideration. The transaction, subject to regulatory approvals, will increase BZAM's stake in BCC from 57.6% to 71.2%.
July 14, 2023 | 1:00 pm
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BZAM's planned acquisition of additional shares in BZAM Cannabis Corp. could strengthen its position in the cannabis market. However, the deal is subject to regulatory approvals.
The acquisition of additional shares in BZAM Cannabis Corp. could potentially increase BZAM's control and influence over the company, potentially leading to increased revenues and profits in the future. However, the deal is still subject to regulatory approvals, which introduces an element of uncertainty.
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