VIVO Cannabis sinks after buyout offer from MediPharm Labs

Medipharm Labs

22/12/2022 15:44

** Shares of VIVO Cannabis Inc  VIVO.TO  fall 16.7% to
C$0.03 
    ** MediPharm Labs Corp  LABS.TO  says it will acquire VIVO
Cannabis  urn:newsml:reuters.com:*:nCNWbWNT6a
    ** VIVO shareholders are expected to own between 35% and 21%
of the combined company
    ** Including session's losses, stock down 68.8% YTD
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))