Brief: Entheos To Enter Into Binding Letter Agreement To Acquire The BC Bud Co

Digital Commodities

12/02/2021 24:47

Feb 11 (Reuters) - Entheos Capital Corp  ENTHh.V :
    * ENTHEOS TO ENTERS INTO BINDING LETTER AGREEMENT TO ACQUIRE
THE
BC BUD CO. IN REVERSE TAKEOVER TRANSACTION
    * ENTHEOS CAPITAL - UPON COMPLETION OF TRANSACTION, COREY
LARRICQ
WILL RESIGN AS A DIRECTOR OF CO, SAMANTHA SHORTER WILL RESIGN AS
CFO
    * BCBC WILL APPOINT TWO NEW DIRECTORS OF COMPANY TO BE
DETERMINED
AND A NEW CHIEF FINANCIAL OFFICER AND CORPORATE SECRETARY
    * ENTHEOS CAPITAL -  UPON COMPLETION IT IS ANTICIPATED THAT
CO
WILL CARRY ON BUSINESS OF BCBC, WILL SEEK TO DELIST ITS  SHARES
FROM TSX VENTURE EXCHANGE
    * ENTHEOS - ENTERED BINDING LETTER AGREEMENT DATED FEBRUARY
7,
2021 WITH BC BUD CO. WHEREBY CO WILL ACQUIRE ALL SECURITIES OF
BCBC VIA SHARE EXCHANGE
    * UPON SUCCESSFUL COMPLETION OF DEAL, CO TO  LIST ITS COMMON
SHARES ON CANADIAN SECURITIES EXCHANGE
    * BRAYDEN SUTTON WILL REMAIN AS CEO AND A DIRECTOR AND JOSH
TAYLOR
WILL REMAIN AS A DIRECTOR AND BE APPOINTED AS PRESIDENT
    * COMPANY WILL ISSUE 2.1 ENTH SHARES FOR EACH BCBC SHARE
    * TRADING IN ENTH SHARES HAS BEEN HALTED AND IS EXPECTED TO
REMAIN
HALTED PENDING SATISFACTION OF LISTING REQUIREMENTS OF CSE
    * UPON COMPLETION OF TRANSACTION, COMPANY INTENDS TO CHANGE
ITS
NAME TO " BC BUD CO"

Source text for Eikon:  ID:nCNWfFb8qa 
Further company coverage:  ENTHh.V 

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