Charlotte's Web Closes Abacus Health Acquisition

A recent asset purchase by Charlotte's Web Holdings (OTC: CWBHF) is now in the books. The company announced Thursday that its buyout of Abacus Health Products has closed.

The two companies announced the all-stock deal in March, agreeing that Abacus Health investors would receive 0.85 of one Charlotte's Web common share in exchange for each share they held of their company. All told, this valued Abacus at roughly 99 million Canadian dollars ($73 million).

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Source Fool.com