Business
Harvest One Completes Acquisition of Delivra
Harvest One Completes Acquisition of Delivra Canada NewsWire TORONTO, July 3, 20...
About this update from Delivra Health Brands Inc
[{"type":"text","content":"\n\n\n\nHarvest One Completes Acquisition of Delivra\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, July 3, 2019\n\n\n\nTORONTO, July 3, 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 completed the previously announced plan of arrangement (the \"Arrangement\") under the provisions of the Business Corporations Act (Ontario), pursuant to which Harvest One acquired all of the issued and outstanding common shares of Delivra (the \"Delivra Shares\").\n\n \n \n\n \nManagement Commentary\n\"We are delighted to close this transaction and welcome Delivra to the Harvest One team\" said Grant Froese, Chief Executive Officer of Harvest One. \"The addition of the LivRelief™ brand to our existing product portfolio emphasizes our goal of becoming a global leader in the health, wellness, and self-care sector. There are significant synergies between both organizations and we expect an expeditious integration. We will look to expand the development of Delivra's products globally with an expanded reach of the current formulation and new products, including cannabinoid infused products, when and where legal.\"\nDr. Joseph Gabriele, Director, Chief Executive Officer, and Chief Scientific Officer of Delivra, added, \"Harvest One's health and wellness strategy coupled with their expanding distribution capabilities will ensure that our LivRelief™ product will reach more people in Canada and beyond. Delivra shareholders showed overwhelming support for this transaction and we look forward to the next stage of our development as part of the Harvest One team as we extend our reach, our offerings, and capitalize on markets where CBD infused products are legal.\"\nStrategic Rationale and Outlook\nDelivra further strengthens Harvest One's health, wellness, and self-care strategy by adding LivRelief™ to its brand portfolio Harvest One will benefit from the formulation expertise of Delivra as it works to create a...