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Tag Archives: Spin Off

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SOL Global to Spin Off Cannabinoid Drug Therapy Research and Development Subsidiary

SOL Global to Spin Off Cannabinoid Drug Therapy Research and Development Subsidiary
April 5, 2019 /CNW/ - SOL Global Investments Corp. ("SOL" or the "Company") (CSE:SOL) (Frankfurt:9SB) (OTCQB:SOLCF)  is pleased to announce that it intends to spin off its wholly-owned subsidiary, Scythian Biosciences Inc. ("SBI"), into an independent, publicly-traded company (the "Spin-off"). Upon closing of the Spin-off, which is expected to occur on or before September 30, 2019, SOL shareholders will own shares of both companies.
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The Green Organic Dutchman Provides Update on Spin-off Transaction and Announces Intention of TGOD Acquisition to Complete Private Placement Offering of Subscription Receipts

The Green Organic Dutchman Provides Update on Spin-off Transaction and Announces Intention of TGOD Acquisition to Complete Private Placement Offering of Subscription Receipts
Sept. 25, 2018 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD) (US:TGODF) is pleased to provide an update on the previously announced spin-off transaction (the "Spin-off") involving the Company's wholly-owned subsidiary, TGOD Acquisition Corporation ("SpinCo"), and to announce that, in connection with the Spin-Off, SpinCo intends to complete a non-brokered private placement offering (the "SpinCo Offering" or the "Offering") of up to 20,000,000 subscription receipts (the "Subscription Receipts") at a price of $0.50 per Subscription Receipt for gross proceeds of up to $10,000,000.
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Sunniva Inc. to Spin Out and List Canadian Assets on Toronto Stock Exchange and NASDAQ Stock Market to Unlock Shareholder Value

Sunniva Inc. to Spin Out and List Canadian Assets on Toronto Stock Exchange and NASDAQ Stock Market to Unlock Shareholder Value
Sunniva Inc. (CSE:SNN) (OTCQX: SNNVF) ("Sunniva" or the "Company"), a North American provider of cannabis products and services, is pleased to announce that it intends to spin out its Canadian assets into a separate Canadian entity and apply to list the shares on the Toronto Stock Exchange ("TSX") and the NASDAQ Stock Market ("NASDAQ") in an effort to unlock the underlying value of the Company's assets on both sides of the border (the "Spinout Transaction"). The Company has retained Canaccord Genuity Corp. to act as a financial advisor in connection with the Spinout Transaction and other strategic initiatives.
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