GB Sciences' Acquisition Of NevadaPURE Is Terminated
Retrieved on:
Wednesday, May 9, 2018
LAS VEGAS, May 9, 2018 /PRNewswire/ --GB Sciences, Inc. (OTCQB: GBLX), the previously announced proposed acquisition of NevadaPURE, LLC, a Nevada limited liability company, by GB Sciences has been terminated.
Key Points:
- LAS VEGAS, May 9, 2018 /PRNewswire/ --GB Sciences, Inc. (OTCQB: GBLX), the previously announced proposed acquisition of NevadaPURE, LLC, a Nevada limited liability company, by GB Sciences has been terminated.
- GB Sciences' Chairman of the Board and CEO John Poss said:"A nondisclosure agreement between the parties prevents GB Sciences from making extensive comments on the proposed transaction.
- After considerable due diligence, the parties could not reach a consensus on the terms of the proposed acquisition."
- NevadaPURE, LLC Operating Manager, James Green said: "We have the highest regard for GB Sciences and wish them well in their future endeavors.