Brief: Organto Enters Into Agreement To Acquire Medicannabis S.A.S

Organto Foods

01/11/2018 12:46

Nov 1 (Reuters) - Organto Foods Inc  OGO.V :
    * ORGANTO ENTERS INTO AGREEMENT TO ACQUIRE MEDICANNABIS
S.A.S
    * ORGANTO FOODS INC - UNDER TERMS OF AGREEMENT, TRANSACTION
WOULD
PROCEED IN TWO STAGES
    * ORGANTO FOODS INC - COMPANY INTENDS TO PAY A FINDER'S FEE
IN
CONNECTION WITH ACQUISITION OF MEDICANNABIS AND ISSUANCE OF
SHARES
    * ORGANTO FOODS INC - IN FIRST STAGE ORGANTO ACQUIRES SHARES
OF
MEDICANNABIS AND UNDERTAKES FINAL STAGES OF LICENSING PROCESS
    * ORGANTO FOODS - IN SECOND STAGE, ORGANTO ISSUES UP TO 8
MILLION
SHARES TO ORIGINAL SHAREHOLDERS OF MEDICANNABIS UPON RECEIPT OF
A CULTIVATION LICENSE

Source text for Eikon:  ID:nCNWmtRVna 
Further company coverage:  OGO.V 

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