News Pfizer Bets On Medical Cannabis With $6.7 Billion Acquisition

[thegreenhand]

Pfizer Bets On Medical Cannabis With $6.7 Billion Acquisition​

Dario Sabaghi
Forbes
20 Dec 2021

Pfizer is to enter the medical cannabis industry betting on a promising cannabinoid-based bowel disease treatment.

Last week, American multinational pharmaceutical and biotechnology corporation Pfizer signed an agreement with the clinical-stage company Arena Pharmaceuticals for a total equity value of around $6.7 billion.

Under the agreement terms, Pfizer acquires all shares for $100 per share in an all-cash transaction. Moreover, the press release reads that the proposed transaction will be subject to customary closing conditions, including receipt of regulatory approvals and approval by Arena's stockholders.

 

[thegreenhand]

Having some trouble with the link… some news sites block links to their articles. I’m assuming it’s that. Sorry folks :/

 

[neversickanymore]

And it starts.. be looking for federal legalization in the US right around the corner.. sup see ya/me little guys. Thank the lord many states have grow your own already written in.