Second Psychedelics Merger Of The Week? Silo Wellness To Buy Jamaica-Based Business For $31.9M
Portfolio Pulse from Lara Goldstein
Silo Wellness (OTCQB:SILFF) plans to acquire all securities of NUGL Inc./Kaya Group (OTC:NUGL) for $31.9 million. This follows Cybin's (NYSE:CYBN) proposed acquisition of Small Pharma (OTC:DMTTF). The acquisition will involve Silo acquiring 100% of NUGL’s shares in exchange for 2.01 million treasury shares. Silo will also issue common shares within a private placement financing to cover transaction costs and provide additional capital for strategic growth post-merger.
August 29, 2023 | 6:31 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cybin's proposed acquisition of Small Pharma is mentioned in the context of Silo Wellness's acquisition of NUGL Inc./Kaya Group.
Cybin's proposed acquisition of Small Pharma is mentioned in the context of Silo Wellness's acquisition of NUGL Inc./Kaya Group, but it's not clear how this news will impact Cybin's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Small Pharma's proposed acquisition by Cybin is mentioned in the context of Silo Wellness's acquisition of NUGL Inc./Kaya Group.
Small Pharma's proposed acquisition by Cybin is mentioned in the context of Silo Wellness's acquisition of NUGL Inc./Kaya Group, but it's not clear how this news will impact Small Pharma's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
NUGL Inc./Kaya Group is being acquired by Silo Wellness, which could potentially impact its stock price.
The acquisition by Silo Wellness could potentially impact NUGL Inc./Kaya Group's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Silo Wellness is acquiring NUGL Inc./Kaya Group, which could potentially expand its market reach and product offerings.
The acquisition could potentially expand Silo Wellness's market reach and product offerings, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100