Brief: Scythian Biosciences Corp Says ‍entered Into Binding Letter Of Intent To Acquire Marigold Acquisitions Inc​

SOL Global Investments

22/03/2018 15:15

March 22 (Reuters) - Scythian Biosciences Corp  SCYB.V :
    * SCYTHIAN BIOSCIENCES CORP. ANNOUNCES EXPANSION OF ITS GLOBAL FOOTPRINT
INTO
JAMAICA WITH BINDING LETTER OF INTENT
    * SCYTHIAN BIOSCIENCES CORP - ‍SCYTHIAN WILL ISSUE 1.5 MILLION COMMON SHARES
AT
CURRENT PRICE PER SHARE OF $23.00 TO SELLING PARTIES​
    * SCYTHIAN BIOSCIENCES CORP - ‍MARIGOLD RECEIVES 5 CONDITIONAL CANNABIS
RELATED
LICENSES​
    * SCYTHIAN BIOSCIENCES CORP - ‍ENTERED INTO A BINDING LETTER OF INTENT DATED
MARCH
21, 2018 TO ACQUIRE MARIGOLD ACQUISITIONS INC​
    * SCYTHIAN BIOSCIENCES CORP - ‍WILL OWN A 49% INTEREST IN MARIGOLD​
    * SCYTHIAN BIOSCIENCES CORP - ‍AFTER CLOSING OF DEAL, CO TO OWN 95% ROYALTY
INTEREST IN NET REVENUES FROM PRODUCTS SOLD BY MARIGOLD​

Source text for Eikon:  ID:nGNXb2ZVLp 
Further company coverage:  SCYB.V 

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