Bayswater Uranium Corp. plans to exit the mining industry via the acquisition of a U.S.-based cannabis manufacturer and distributor.
The company said May 14 that the proposed transaction will result in a reverse takeover of the company by Green Thumb Industries.
Bayswater will acquire all the voting securities of Green Thumb Industries, subject to certain conditions, including the completion of a financing, the consolidation of the company's shares, and securing the necessary regulatory and shareholder approvals.
The company expects to complete the transaction in the current quarter.
