Cannabis
Harvest One and Delivra Provide Update on Closing Date of Transaction
Harvest One Cannabis Inc. (“Harvest One“) (TSXV: HVT; OTCQX: HRVOF) and Delivra Corp. (“Delivra“) (TSXV: DVA) today jointly provided an update on their previously-announced transaction whereby, among other things, Harvest One would acquire all of the issued and outstanding shares of Delivra and each shareholder of Delivra would be entitled to receive 0.595 of a common share of Harvest One in exchange for each Delivra share held (the “Transaction“).
With reference to Delivra’s press release dated May 28, 2019, subsequent to Delivra obtaining requisite shareholder approval with Delivra shareholders voting 99.98% in favour of the Transaction, Delivra sought and obtained a final order by the Ontario Superior Court of Justice for the Transaction. Since then, Delivra and Harvest One have continued to work together to complete the Transaction in accordance with the terms of the arrangement agreement dated March 3, 2019between the parties (a copy of which has been filed on SEDAR at www.sedar.com and described in Delivra’s management information circular dated April 18, 2019, also available on SEDAR).
Harvest One and Delivra jointly advised that the Transaction is now scheduled to be completed on July 3, 2019.
SOURCE Harvest One Cannabis Inc.
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