Business
KDA Group -- Update
(TheNewswire) Thetford Mines, Quebec – TheNewswire - September 22, 2...
About this update from Kda Group Inc.
[{"type":"text","content":"KDA Group -- Update\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Thetford Mines, Quebec\n \n \n –\n \n \n TheNewswire\n \n \n -\n \n \n September 22, 2023\n \n \n \n \n –\n \n \n KDA Group\nInc. (TSXV:KDA) (“\n \n \n KDA\n \n \n ” or the “\n \n \n Corporation\n \n \n ”) is\npleased to announce an update on many accomplishments realised during\nthe past few months.\n \n \n \n \n “The Corporation is proud of all these achievements\nthat have materialized over the past few months and of the many other\nprojects in the pipeline for this fall. Unfortunately, the timing of\nthese achievements occurred while many people were away on vacation,\ntherefore we are providing a brief recap to keep everyone informed.\nThe Corporation and its subsidiary, Groupe Technologique KDA Inc.,\nwill be focusing on commercializing their technology platforms and\nprojects in Canada, the United States and internationally over the\ncoming months and quarters. Finally, a very exciting time lies ahead\nfor the Corporation, and management is ready to act and move forward\nin the realizations of new projects to generate increased shareholder\nvalue. We will keep you posted on the progress of all projects,”\nsaid Marc Lemieux, Chief Executive Officer of KDA.\n \n \n \n \n As previously disclosed by press releases, the\nCorporation announced the following achievements:\n \n \n \n \n MAY 2023\n \n \n \n \n The month of May began with the finalization of the\nsale of KDA’s wholly owned subsidiary, AlliancePharma Opérations\nInc. (“\n \n \n AlliancePharma\n \n \n ”), involved in pharmacy staff\nreplacement. Groupe Santé Halsa Inc. acquired AlliancePharma's\nactivities for a total consideration of $10,200,000. This transaction\nenabled KDA to restructure and pay off part of its debt to Persistence\nCapital Partners II, L.P. and Persistence Capital Partners II\n(International), L.P. (collectively “\n \n \n PCP\n \n \n ”), and Private\nDebt Partners Senior Opportunities Fund LP (“\n \n \n PDP\n \n \n ”).\n \n \n \n \n At the end of May, Clinical Education Alliance, LLC, a\nU.S.-based company, agreed, subject to the fulfillment of certain\nconditions, to acquire all the shares of Agence L.I.V. Inc.\n(“\n \n \n LIV\n \n \n ...