Leeward Capital to Acquire Burton Growers

Leeward Capital Corp. has announced a non-binding letter of intent to acquire all issued common shares of Burton Growers Ltd., a cannabis licensed operation in Alberta. The acquisition will involve the exchange of approximately 2.16 billion Leeward shares for Burton Growers' shares, contingent upon shareholder approval. The transaction is structured as a reverse takeover, with Burton Growers' team taking senior management roles. The combined entity aims to list on the TSX Venture Exchange or the CSE.

Burton Growers operates a 25,000-square-foot greenhouse and focuses on low-cost, sustainable cannabis cultivation. It plans to harness solar energy to reduce costs and its carbon footprint. The company targets international markets to lessen the impact of Canadian taxes. Additionally, Burton Growers plans to distribute cannabis products for small growers, diversifying beyond cultivation.

The transaction includes the sale of Leeward's mining assets to a third party. Financial preparations are underway, with a private placement expected to raise up to $1 million, fostering growth post-acquisition.