MMJ PhytoTech Ltd too list onTSX-V via RTO
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Highlights:
- Strategic spin out of Canadian subsidiary United Greeneries and Swiss subsidiary Satipharm by way of a reverse takeover of the TSX-V listed entity Top Strike Resources (TSX-V; TSR)
- TSX-V listing of core cannabis subsidiaries will provide MMJ shareholders with exposure to rapidly expanding Canadian cannabis market
- Top Strike to pay C$2.5M in cash and C$37.5M in shares to MMJ
- MMJ management to be responsible for operations of the resulting TSX-V listed company
- Direct market comparisons to Canadian peer companies expected to unlock significant near-term shareholder value
- Top Strike to become a large-scale cannabis producer targeting supply to the Canadian medical and recreational market, which is estimated to be an C$8b market by 2024
- Black Spruce Merchant Capital to act as lead manager for the transaction providing extensive relationships into Canadian capital markets
MMJ has signed a binding Term Sheet with TSX-V listed company Top Strike Resources Limited (TSX-V: TSR) ("Top Strike"), for Top Strike to acquire 100% of the issued shares of UG and Satipharm respectively.
The transaction, which remains subject to a number of conditions, including shareholder approval, provides MMJ shareholders with exposure to the rapidly growing recreational and medical cannabis markets in Canada. Post spin out, MMJ shareholders will, through their shareholdings in MMJ, have an indirect ownership in a fully-financed, growth-focused cannabis company with two key operating brands in UG and Satipharm..... " ENDE Zitat
Source:http://marijuanaindex.com/industry-news/...ds-to-List-on-TSXV-via-RTO
The aggregate sale price of UG and Satipharm (C$40 million) represents approximately 97% of MMJ's current market capitalisation (undiluted and based on a share price of A$0.24).
59% in Harvest One mit Satipharma. Warum heissen die nicht MMJ PhytoTech Holdings ? :-)
Hier geht es um den medizinischen Wirkstoff Cannabidiol aus der Marihuana Pflanze, nix THC (Rausch).
Auf Barchart sind's 96% buy.
im Zusammenhang mit dem Investment von MMJ in " ESE "
Zitat:ASX RELEASE Suite 5 CPC , 145 Stirling Highway, Nedlands
WA 6009 |PO Box 3144, Nedlands WA 6009
Phone +61(0) 8 9389 3150
14. November2017
MMJ Commits A$500,000 Cornerstone Investment in eSense Lab Limited •
eSense -Lab is an ASX listed, Israel-domiciled
life sciences company that has developed the world’s first 100% natural reformul
ated cannabis terpene profiles •
ESE currently has 10 formulations of the world’s most popular cannabis
strains commercially available –with 20 further strains in late stage development
•
Quelle:http://www.asx.com.au/asxpdf/20171114/pdf/43p6lvc2wpg25l.pdf
Bei eine 59%iger Beteiligung von MMJ ein kleiner Vorgeschmack was nach dem Tarading Halt Kommen könnte.
Quelle: http://www.mmjphytotech.com.au/...cannabidiol-banned-substances-list/
Alles legal, geile Sache
advise that it has entered into an agreement to strengthen its
position inthe Canadian cannabis sector via
the proposed subscription of C$2 million in secured convertible debentures (“
Debentures”) in Toronto-based Weed Me Inc. ...The Debentures
are convertible in to shares and warrants in Weed Me based on a pre
- money valuation of C$ 10million. Post transaction,
MMJ will have a significantly increased exposure to the burgeoning Canadian
cannabis sector,via its 59% holding in Harvest One Cannabis Inc. (TSXV: HVST)
and its strategic investment in near-term producer Weed Me. " iENDE Zitat
Quelle:http://www.asx.com.au/asxpdf/20171212/pdf/43q311zc24233k.pdf
MMJ Holding :-)