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Tag Archives: Takeover

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Broome to acquire pot producer Pasha Brands

Broome to acquire pot producer Pasha Brands
BROOME CAPITAL Inc. has entered into a definitive amalgamation agreement, effective July 12, 2018, with Pasha Brands Ltd. Pursuant to the terms of the definitive agreement, the company will acquire all of the issued and outstanding securities of Pasha Brands.
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Sumtra Diversified Inc. Provides Update on Proposed Reverse Takeover Transaction with MJardin Group

Sumtra Diversified Inc. Provides Update on Proposed Reverse Takeover Transaction with MJardin Group
Sumtra Diversified Inc. (“Sumtra” or the “Company”) (NEX:SDV.H) today announced that further to its press release of January 10, 2018, it wishes to provide an update on its proposed reverse takeover transaction (the “Transaction”) with MJardin Group (“MJardin”).  Sumtra and MJardin have agreed to an amendment to the terms of the previously announced binding letter of intent (the “LOI”) in order to extend the time required to finalize the terms of the Transaction and enter into the definitive agreement until June 30, 2018.  The amended LOI also provides that a “break fee” of C$200,000 shall be payable to Sumtra in certain circumstances as described in the amended LOI, a copy of which is available on Sumtra’s SEDAR profile at www.sedar.com.  All other terms of the LOI remain in effect.
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