Titan to Make $20 Million Strategic Investment in Great Heights


Titan Company announced that its wholly owned subsidiary, TCL North America Inc. (TCLNA) today signed a stock purchase agreement with Great Heights Inc., USA (Great Heights) for the subscription of preferential voting shares in the share capital of Great Heights, which would allow TCLNA to hold up to 17.5% of the voting rights in Great Heights.

This is a $20 million strategic investment that will provide Titan with a bird’s eye view of the fast-growing lab-grown diamond (LGD) and direct-to-consumer (D2C) sectors.

Great Heights retails LGD jewelry through its Clean Origin brand.



The transaction is expected to close by March 15, 2022.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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