Nugs Announces Fully Executed Mou To Acquire Large Capacity Indoor Cannabis Cultivation Facility
Oct 27, 2021•about 4 years ago
Acquiring Company
NUGS
Acquired Company
Cannabis Strategic Ventures
OtherSoftware
Description
via InvestorWire -- Cannabis Strategic Ventures (OTCQB:NUGS) (“NUGS” or the “Company”), an emerging leader in the U.S. cannabis marketplace, is pleased to announce the signing of a Memorandum of Understanding (the “MOU”) between Cannabis Strategic Ventures and Devine Solutions, Inc., a California corporation, relating to the proposed acquisition by NUGS of an indoor cannabis cultivation facility (the “Facility”) in Sacramento, CA.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed