Vencanna Announces Amended Definitive Agreement with The Cannavative Group, Completion of Name Change, Resumption of Trading and Operational Update
Pursuant to the Amended Agreement, Vencanna will acquire all of the outstanding membership units of Cannavative through an all-share exchange.
- Pursuant to the Amended Agreement, Vencanna will acquire all of the outstanding membership units of Cannavative through an all-share exchange.
- The exchangeable securities are exchangeable, at the option of the holder, on a one-for-one basis for equivalent securities of Vencanna.
- On January 17, 2023, at an annual general and special meeting, the shareholders of Vencanna approved the name change.
- The Company has engaged Independent Trading Group (ITG) Inc. to act as the broker through which the Bid will be conducted.