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QUICK BTA - Quickcool AB News Story

SEK1.85 0.0  0.0%

Last Trade - 24/01/18

Sector
Healthcare
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 1787

BRIEF-Quickcool AB Proposes To Become A Holding Company With The New Direction Of Investing In Cannabis

Mon 4th November, 2019 2:33am
Nov 3 (Reuters) - Quickcool AB  QUICK.TE :
    * (PUBL.) PROPOSES TO BECOME A HOLDING COMPANY WITH THE NEW
DIRECTION OF INVESTING IN CANNABIS AND ALTERNATIVE MEDICINE THAT
ALSO PROVIDES FINANCING FOR THE DEVELOPMENT OF QUICKCOOL® SYSTEM
    * BOARD PROPOSES THAT NAME OF COMPANY, AS A CONSEQUENCE OF
CHANGE
IN BUSINESS, WILL BE CHANGED TO BIO-MED CANNABIS EUROPE AB
    * FINANCING SOLUTION SUGGESTS THAT, DURING A 36-MONTH
PERIOD,
COMPANY CAN OBTAIN A TOTAL CAPITAL CONTRIBUTION OF 600 MSEK
    * HAS NEGOTIATED TERMS OF FINANCING AGREEMENT IN ORDER TO
ENSURE
FINANCING OF COMPANY'S CURRENT AND PROPOSED FUTURE DIRECTION
    * QUICKCOOL - FUNDING IS ESTIMATED TO PROVIDE CO WITH
CAPITAL OVER
NEXT 3 YEARS IN ORDER TO EXECUTE IMPLEMENTATION OF NEW BUSINESS
DIRECTION
    * FINANCING OF FULLY OWNED SUBSIDIARY IS TO BE PROVIDED FOR
NEXT
12 TO 15 MONTHS, EQUIVALENT TO A TOTAL INVESTMENT OF BETWEEN
13-16 MSEK

Source text for Eikon:  ID:nWkr6dW71f 
Further company coverage:  QUICK.TE 

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