(This story has been corrected to reflect the accurate price of the terminated deal.)
Canadian cannabis company TerrAscend is terminating its proposed $33.5 million purchase of Gravitas Nevada.
With the deal’s collapse, TerrAscend paid $3 million to Gravitas as required under the purchase agreement.
TerrAscend is no longer liable for the remaining $30.5 million and 625,000 company shares.
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