Canadian marijuana company fire & Flower acquires hemp express delivery service pineapple express delivery

Fire & flower, a Canadian marijuana retail chain headquartered in Toronto, announced the acquisition of pineapple express delivery, a marijuana express service, The acquisition will be paid by assuming and repaying approximately C $5.3 million (approximately US $4.2 million) of debt and issuing approximately 1126761 ordinary shares of pineapple express, provided that the latter reaches unspecified performance milestones in fiscal 2022. According to the press release, pineapple express, headquartered in Burlington, Ontario, ships more than 40000 marijuana in Canada each month.

Source: mjbizdaily com