On October 16, Canna-Global Received Notice Of Termination From New Quantum And Plans To Explore Other Potential Business Combination Targets, But There Is No Guarantee Of A Successful Transaction
Portfolio Pulse from Benzinga Newsdesk
Canna-Global (CNGL) has received a termination notice from New Quantum and is now looking to explore other potential business combination targets. However, there is no guarantee of a successful transaction.
October 20, 2023 | 1:12 pm
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Canna-Global's plans for a business combination with New Quantum have been terminated. The company is now exploring other potential targets, but there is no certainty of a successful transaction.
The termination of the planned business combination with New Quantum could be seen as a setback for Canna-Global, potentially leading to uncertainty among investors. This could negatively impact the company's stock price in the short term.
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