Cronos Group's Subsidiary Entered Into An Agreement With Future Farmco Canada For The Sale And Leaseback Of Its Peace Naturals Campus Property In Canada For C$23M
Portfolio Pulse from Benzinga Newsdesk
Cronos Group's subsidiary has agreed to a sale and leaseback deal for its Peace Naturals Campus property in Canada with Future Farmco Canada. The transaction is valued at C$23 million.
November 27, 2023 | 12:35 pm
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Cronos Group has entered into a sale and leaseback agreement for its Peace Naturals Campus property, which will provide the company with C$23 million in capital.
The sale and leaseback transaction is likely to have a positive short-term impact on Cronos Group's stock (CRON) as it increases the company's liquidity without disrupting operations, which can be viewed favorably by investors.
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