Fantastic article from MJ Biz this morning..
The days of $100 million-plus golden parachutes in the United States might be over.
But the phenomenon of rewarding CEOs with hefty payouts remains alive and well in mainstream merger and acquisition deals and has taken root in the marijuana industry.
SOURCE MJ BIZ
An MJBizDaily examination of recent marijuana M&A deals reveals a variety of ways that CEOs of acquired cannabis businesses will net millions of dollars in the transactions – over and above the premium paid for their companies’ stock.
Steve White, CEO of Arizona-based Harvest Health & Recreation, which is being acquired by Florida-based Trulieve in a deal initially valued at $2.1 billion, stands out.
He has “change of control” provisions that could generate a payout well in excess of $10 million.
Read full article at
