HEXO will acquire, by way of a plan of arrangement under the Business Corporations Act (Ontario), all of Newstrike’s issued and outstanding common shares in an all-share transaction (the “Transaction”).
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The purchase order, pursuant to a private-label manufacturing and supply agreement signed April 12, 2019, describes an ongoing relationship between the two companies.
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International Cannabis will issue Wayland 300,000,000 shares in the capital of ICC. Wayland will enter into a three-year supply agreement with ICC that will supply ICC with 10,000kg annually of EU-GMP compliant dried cannabis flower grown by Wayland.
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These changes are the result of Canopy’s intentions to acquire Acreage Holdings, Inc. (“Acreage”) upon U.S. Federal cannabis legalization.
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Pioneer Cannabis is a collaboration between WeedMD Inc., a federally-licensed producer and distributor of medical-grade cannabis, and Pita Pit Canada, a privately-owned Canadian fast casual franchise eatery with over 225 stores in Canada.
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