trending Market Intelligence /marketintelligence/en/news-insights/trending/AisoTiiogYOsxHXuWQpDjw2 content esgSubNav
In This List

Zara acquiring cannabis company in latest bid to exit mining

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


Zara acquiring cannabis company in latest bid to exit mining

Zara Resources Inc. said Dec. 27 that it entered into a definitive share exchange agreement to acquire Washington State-based cannabis company Blacklist Holdings Inc. via a reverse takeover.

Blacklist shareholders are expected to receive approximately 86,915,057 post-consolidation Zara shares at 50 Canadian cents apiece. The deal's close is anticipated by late March 2019.

The transaction is Zara's latest attempt to exit mining. The company previously cancelled its acquisition of electric car companies Fox Automotive Switzerland AG and Magnum Pirex AG.

Zara owns the Forge Lake gold and Pigeon River nickel-copper projects in Ontario.