10:31 AM EST - Scythian Biosciences Corp. : Announced a $88-million U.S. investment in Class B units in Verano Holdings, LLC, a private, Delaware organized, vertically integrated, licensed operator of cannabis cultivation, manufacturing and retail facilities across six key U.S. states and Puerto Rico. Scythian has also agreed to sell a 100% interest in 3 Boys Farms LLC which it will acquire as described below, to Verano in exchange for $100 million U.S. of Class B units in Verano. All transactions related to 3 Boys Farms are subject to the receipt of all required governmental approvals including from the Florida Department of Health, Office of Medical Marijuana Use. Scythian Biosciences Corp.
shares V.SCYB are trading down $0.55 at $3.00.
