Brief: Vabun Signs Letter Of Intent With Cosma Cannabis On Potential Merger

Cosma SA

24/03/2021 08:28

March 24 (Reuters) - Vabun SA  VABP.WA :
    * SAID ON TUESDAY IT HAS SIGNED LETTER OF INTENT WITH COSMA
CANNABIS (CC), UNDER WHICH PARTIES START TALKS ON MERGER VIA
TAKEOVER
    * ALL OF COSMA CANNABIS ASSETS WOULD BE TRANSFERRED TO THE
COMPANY
IN EXCHANGE FOR COMPANY'S SHARES
    * PARTIES HAVE AGREED THAT A TERM SHEET REGARDING CONDITIONS
OF
TRANSACTION WILL BE SIGNED BY APRIL 20
    * PARTIES WILL NEGOTIATE ON AN EXCLUSIVE BASIS TILL NO LATER
THAN
AUGUST 31

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM6KGWDna
    
 Further company coverage:  VABP.WA  
   


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