trending Market Intelligence /marketintelligence/en/news-insights/trending/bJ4wkZs746MI42_czNHLDg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Exactus acquiring 50.1% stake in new company supporting its agricultural focus

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Exactus acquiring 50.1% stake in new company supporting its agricultural focus

Exactus Inc.'s board approved the acquisition of a 50.1% stake in Exactus One World LLC, which will be responsible for Exactus' initial efforts to pursue agricultural development, including farm soil preparation, planting, harvesting, transportation and drying.

According to a March 11 filing, Exactus One World is a newly formed limited liability company that will farm and process industrial hemp into cannabidiol and related products.

Glen Allen, Va.-based Exactus, which is developing point-of-care diagnostics and also pursuing opportunities in hemp-derived cannabidiol, will be responsible for funding, and the minority owners will be responsible for managing, servicing and operating the farm properties.

The company said it will make payments of $2.7 million through Oct. 1 to support costs for farming for the 2019 harvest.

Exactus acquired a 30% interest in Exactus One World and an additional 20.1% stake was acquired from existing members of Exactus One World. The purchase price for the 20.1% stake is $1.5 million in cash and the remaining $1.5 million in Exactus' restricted common shares.

In addition, Exactus is required to pay $300,000 in cash and issue 7.5 million common shares to members of Exactus One World. Exactus is also required to pay $700,000 and $500,000 in cash on April 20 and Sept. 1, respectively. On June 10, the company is required to issue restricted common shares worth $450,000 to the members.