Brief: Namaste Announces Binding Agreement To Acquire Additional 34 Pct Equity In Pineapple Express Delivery For 49 Pct Total Ownership

Lifeist Wellness

17/12/2018 14:46

Dec 17 (Reuters) - Namaste Technologies Inc  N.V :
    * NAMASTE ANNOUNCES BINDING AGREEMENT TO ACQUIRE AN
ADDITIONAL 34%
EQUITY IN PINEAPPLE EXPRESS DELIVERY FOR 49% TOTAL OWNERSHIP
    * NAMASTE TECHNOLOGIES INC - PINEAPPLE EXPRESS MANAGEMENT
TEAM
RETAIN FINANCIAL AND OPERATIONAL CONTROL OF BUSINESS
    * NAMASTE TECHNOLOGIES INC - NAMASTE'S CEO SEAN DOLLINGER
WILL BE
APPOINTED TO PINEAPPLE EXPRESS' BOARD OF DIRECTORS
    * NAMASTE TECHNOLOGIES INC - DEAL FOR APPROXIMATELY $3.06
MILLION
    * NAMASTE TECHNOLOGIES INC - HAS RIGHT TO ACQUIRE AN
ADDITIONAL
10% OF COMMON SHARES OF PINEAPPLE EXPRESS FOR A PERIOD OF 14
MONTHS

Source text for Eikon:  ID:nCNWfcpGVa 
Further company coverage:  N.V 

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