Roto-Gro announced that it has entered into a conditional Share Purchase Agreement for the acquisition of majority (51%) of the issued common shares in the capital stock of CanniFarms.
The Share Purchase Agreement between RotoGro and CanniFarms is conditional on the issuance by Health Canada of a Cultivation License, the approval of the shareholders of the company at the company's annual general meeting (proposed for Friday, November 29, 2019) and other typical conditions for transactions similar to this one.
CanniFarms' principal and its minority shareholders will remain with CanniFarms as part of the operational and management team for the CanniFarm's project.
Click here for more information on the acquisition
For more information:
Roto-Gro
905-880-2226
sales@rotogro.com
www.rotogro.com