April 1, 2019 / 12:58 PM / in 7 months

Cannabis company Cresco Labs to buy Origin House for about C$1.1 bln

April 1 (Reuters) - U.S. cannabis company Cresco Labs Inc said on Monday it would buy pot distributor Origin House for about C$1.1 billion ($823.29 million).

Origin House shareholders will receive 0.8428 shares of Cresco Labs for each share. ($1 = 1.3361 Canadian dollars) (Reporting By Shradha Singh in Bengaluru Editing by Saumyadeb Chakrabarty)

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