This potential transaction follows the company's recent announcement of its entry into non-binding term sheets to acquire other licensed cannabis entities in Colorado.
US-based regulated cannabis industry resource General Cannabis Corp (OTCQX: CANN) has entered into a non-binding term sheet to acquire substantially all of the assets of a licensed recreational cannabis retailer in Denver, Colorado, the company said.
SHIPTERM includes many provisions common to generic term sheets. Its distinguishing factor is the inclusion of bespoke maritime elements.
Most banks and financial institutions in the region have their own in-house term sheets, many of which seek to incorporate standard LMA or APLMA provisions.
Here are five common problems in term sheets
and best practice fixes for the parties and their brokers to adopt: Expressing base years for rent escalations
GreenShift Corporation today announced term sheets
with several corn ethanol producers that correspond to more than 15 million gallons per year of extracted corn oil.
SAN FRANCISCO--BASED LOOPNET HAS announced it has launched FinanceNow, a new service that expedites property sales by integrating detailed financial term sheets
and real-time loan rate information with LoopNet's commercial property listings.
When discussing term sheets
, panelist Wallace Schwartz, partner at Kasowitz, Benson, Torres & Friedman LLP said he is a fan of shorter term sheets
General Cannabis announced that it has entered into a non-binding term sheet
to acquire substantially all of the assets of a licensed recreational cannabis retailer in Denver, Colorado.
After a few weeks of pitching, we had a term sheet
from an incredible VC group and were only a few weeks away from landing the deal.
To streamline the contract process, pre-negotiating a term sheet
among key players is gaining popularity as a way to make contract negotiations more efficient.