Brief: Harvest One Enters Into Definitive Agreement To Acquire Dream Water

Delivra Health Brands

03/05/2018 19:26

May 3 (Reuters) - Harvest One Cannabis Inc  HVT.V :
    * HARVEST ONE ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE
DREAM
WATER
    * SAYS DEAL FOR US$12.5 MILLION IN CASH AND C$18.5 MILLION
IN
SHARES AT A DEEMED PRICE OF C$1.00 PER SHARE
    * SAYS DEAL REPRESENTS TOTAL CONSIDERATION OF APPROXIMATELY
C$34.5
MILLION
    * SAYS AFTER DEAL CLOSING, CO WILL CONTINUE TO HOLD
SUBSTANTIAL
CASH POSITION OF ABOUT C$62 MILLION AND ZERO DEBT
    * SAYS ENTERED DEFINITIVE AGREEMENTS TO COMPLETE ACQUISITION
OF
ALL OUTSTANDING SHARES OF DREAM WATER PRODUCTS CANADA & SARPES
BEVERAGES
    * SAYS AS PART OF DEAL, COMBINATION OF DREAM WATER CANADA,
DREAM
WATER USA WILL BECOME DREAM WATER GLOBAL
    * SAYS DREAM WATER GLOBAL TO OWN WORLDWIDE RIGHTS AND ALL
INTELLECTUAL PROPERTY TO AND FOR DREAM WATER

Source text for Eikon:  ID:nCNW1dqs1a 
Further company coverage:  HVT.V 

 ((Reuters.Briefs@thomsonreuters.com;))