DENVER, Colo., May 21, 2019- (24/7MarketNews via COMTEX) Venture Market News for May 21, 2019.
MSA Safety Completes Acquisition of Sierra Monitor Corp.
PITTSBURGH, May 21, 2019 /PRNewswire/ — Global safety equipment manufacturer MSA Safety Incorporated (NYSE: MSA) today announced it has completed its acquisition of Sierra Monitor Corporation (OTCQB: SRMC) in an all-cash transaction valued at $33 million. Based in Milpitas, Calif., in the heart of Silicon Valley, Sierra Monitor is a leading provider of fixed gas and flame detection (FGFD) instruments and Industrial Internet of Things (IIoT) solutions that connect and help protect high-value infrastructure assets. Sierra Monitor has annual revenue of approximately $20 million and approximately 80 employees.
First Quarter Highlighted by 65% Yearly Growth in Total Revenue and 236% Yearly Product Revenue Growth
DENVER, May 21, 2019 /PRNewswire/ — Medicine Man Technologies, Inc. (OTCQX: MDCL) (“Medicine Man Technologies” or “Company”), a rapidly growing, vertically integrated cannabis operator, today provided financial results for its first quarter of 2019.
Australis Capital Acquires High Profile Brands and Related Assets From Green Therapeutics, a Nevada Based Cannabis Cultivation and Production Company
Creators of connoisseur brands Tsunami, Provisions and GT Flowers
LAS VEGAS, May 21, 2019 /PRNewswire/ – Australis Capital Inc. (CSE: AUSA OTC: AUSAF) (“Australis” or the “Company”) announces today it has entered into an asset purchase agreement with Green Therapeutics, LLC (“GT”) and affiliated companies, to acquire its Tsunami™, Provisions™, and GT Flowers cannabis brands, certain operating assets, intellectual property and the right to assume, complete and expand the construction of a state-of-the-art 55,000 square foot cultivation and production facility in North Las Vegas, Nevada. The 8.9-acre parcel of land in North Las Vegas has the potential to support a 400,000 square foot cultivation and production facility which will be built to the industry recognized Aurora Cannabis standard. The acquisition will include GT’s experienced operating team.
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