Brief: Medipharm Labs Secures 100% Ownership Of Its Australia Subsidiary
28/09/2020 12:06
Sept 28 (Reuters) - Medipharm Labs Corp LABS.TO :
* MEDIPHARM LABS SECURES 100% OWNERSHIP OF ITS AUSTRALIA
SUBSIDIARY, POISED FOR NEW WAVE OF GLOBAL MEDICINAL CANNABIS
GROWTH
* MEDIPHARM LABS-ENTERED AGREEMENT WITH LOCAL AUSTRALIAN
PARTNER
TO ACQUIRE ITS 20% OWNERSHIP INTEREST IN CO'S 80%-OWNED UNIT
MEDIPHARM LABS AUSTRALIA
* MEDIPHARM LABS CORP - UNDER BUYOUT AGREEMENT, MEDIPHARM
LABS
WILL PAY CONSIDERATION OF APPROXIMATELY $3.2 MILLION
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((Reuters.Briefs@thomsonreuters.com;))
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