Brief: Red White & Bloom And Aleafia Health Execute Binding Letter Agreement For Business Combination
07/06/2023 18:53
June 7 (Reuters) - Aleafia Health Inc AH.TO :
* RED WHITE & BLOOM AND ALEAFIA HEALTH EXECUTE BINDING
LETTER
AGREEMENT FOR BUSINESS COMBINATION
* ALEAFIA HEALTH INC - UPON COMPLETION OF TRANSACTION,
EXISTING
RWB SHAREHOLDERS EXPECTED TO OWN ABOUT 76% OF COMBINED CO
* ALEAFIA HEALTH - EACH OUTSTANDING COMMON SHARE IN CAPITAL
OF
ALEAFIA WILL BE EXCHANGED FOR 0.35 OF COMMON SHARE IN CAPITAL OF
RED WHITE & BLOOM BRANDS
* ALEAFIA HEALTH - UPON COMPLETION OF PROPOSED TRANSACTION,
ALEAFIA SHAREHOLDERS ARE EXPECTED TO OWN ABOUT 24% OF COMBINED
CO
Source text for Eikon: ID:nGNX8Mnstx
Further company coverage: AH.TO
((Reuters.Briefs@thomsonreuters.com;))
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