Cannabis
Khiron Announces Final Approval of Acquisition of NettaGrowth
Khiron Life Sciences Corp. (“Khiron” or the “Company“) (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC), a medical cannabis company with core operations in Latin America, reports that the Company has received final approval from the TSX Venture Exchange (“TSXV“) to close its previously announced acquisition (the “Acquisition“) of NettaGrowth International Inc. (“NettaGrowth“), which owns all of the outstanding shares of a Uruguayan company, Dormul S.A. (“Dormul“). As consideration for the Acquisition, Khiron issued 8,498,821 common shares to the shareholders of NettaGrowth, at a deemed price of $1.61 per common share.
In addition to TSXV final approval, all other requisite regulatory approvals have been obtained in connection with the Acquisition.
SOURCE Khiron Life Sciences Corp.