AMASS Brands (AMSS) said Wednesday it has struck a simple agreement for future equity with Afterdream, a hemp-derived THC beverage brand.
The agreement establishes the rights for at least a 15.67% stake in Afterdream on a fully diluted basis upon a future qualifying financing or liquidity event, the company said.
Shares were up over 7% in morning trading.
Price: 2.04, Change: +0.14, Percent Change: +7.37
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