Business
Harvest One Acquires Delivra to Strengthen its Medical and Wellness Division
Harvest One Acquires Delivra to Strengthen its Medical and Wellness Division Canad...
About this update from Delivra Health Brands Inc
[{"type":"text","content":"\n\n\n\n\nHarvest One Acquires Delivra to Strengthen its Medical and Wellness Division\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 4, 2019\n\n\n\nTORONTO, March 4, 2019 /CNW/ - Harvest One Cannabis Inc. (TSXV: HVT, OTCQX: HRVOF – \"Harvest One\") and Delivra Corp. (TSXV: DVA – \"Delivra\") are pleased to announce today that they have entered into a definitive arrangement agreement (the \"Arrangement Agreement\") pursuant to which Harvest One will acquire all of the issued and outstanding common shares of Delivra (the \"Delivra Shares\") (the \"Transaction\"). Under the terms of the Arrangement Agreement, shareholders of Delivra (\"Delivra Shareholders\") will receive 0.595 common shares of Harvest One (the \"Harvest One Shares\") for each Delivra Share (the \"Exchange Ratio\"). \n\n \n \n\n \nHarvest One, an international cannabis house of brands in the self-care and health and wellness space, has acquired Delivra as a means to further its strategy of providing trusted, effective products to help people in their daily lives. The acquisition of Delivra and its LivRelief™ brand, which produces a variety of topicals and creams with existing distribution channels across Canada, will position Harvest One well when cannabis-infused products are legalized in Canada, which is expected in the fall of 2019.\n\"The acquisition of Delivra by Harvest One puts further emphasis on the Harvest One goal of being a leading house of brands in the global health, wellness, and self-care sector. The addition of LivRelief™, which is already on retail shelves across Canada, will give Harvest One a head start for cannabis-infused products in Canada and beyond and is a great addition to our existing brands in this space with Satipharm CBD GelPell capsules already on sale in Europe, and our Dream Water all natural sleep aid available across North America\" said Grant Froese, CEO of Harvest One. Mr. Froese added, \"We are very excited to welcome Dr. Joseph Gabriele and the Delivra team into the Harvest One family ...