PAOG Closes Acquisition Of PURA's Cannabis Cultivation Operation
The companies announced that the deal officially closed Tuesday. PAOG opted to acquire PURA's operation in exchange for PAOG common stock.
Both acquisitions are part of a PAOG's goal to revitalize the company's "original mission to provide patient care alternatives to traditional patient care solutions," CEO James C. DiPrima explained.
"Our revitalization plan involves a complete exit of our previous endeavors and the implementation of an all new initiative through the planned acquisition of two currently operating businesses within the medical cannabis sector," continued DiPrima.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.