Origin House Stock Soars After Announcing Key Sale of AltMed Equity

Origin House stock is skyrocketing today as the company readies itself to be acquired by Cresco Labs (CSE:CL) (OTCQX:CRLBF). The cannabis products and brands company announced that it divested its 5.1% equity share in Alternative Medical Enterprises LLC for a cool $6 million USD.

This sale was an important step for Origin House (CSE:OH) (OTCQX:ORHOF) to make, and now Origin stock is up 10.84%, selling for $7.26.

The influx of cash is not the sole reason for the stock climb. Rather, the sale was a pre-closing condition under the terms of ...