trending Market Intelligence /marketintelligence/en/news-insights/trending/z7hflozorxxjab-uzbbegg2 content esgSubNav
In This List

Randsburg International Gold to exit mining, enter cannabis industry

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Randsburg International Gold to exit mining, enter cannabis industry

Randsburg International Gold Corp. entered into a binding letter agreement for a reverse takeover by Chicago-based cannabis company Cresco Labs LLC.

The company said Oct. 10 that it will seek shareholder approval at a special meeting Nov. 14, and the deal is expected to close in the fourth quarter.

Randsburg International Gold plans to change its name to Cresco Labs Inc. and consolidate its common shares.

The company previously held various mining assets including the Titan iron ore property in Ontario and the Victory Strike diamond property in Brazil.