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MediPharm Labs Corp. Completes Acquisition of VIVO Cannabis Inc. and Confirms Final Ownership Ratio
MediPharm Labs Corp. Completes Acquisition of VIVO Cannabis Inc. and Confirms Final Ownership Rat...
About this update from Medipharm Labs Corp.
[{"type":"text","content":"\n \n \n \n MediPharm Labs Corp. Completes Acquisition of VIVO Cannabis Inc. and Confirms Final Ownership Ratio\n \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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n BARRIE, ON\n \n \n ,\n \n \n April 3, 2023\n \n \n /CNW/ -\n \n MediPharm Labs Corp\n \n . (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (\"MediPharm\", or \"MediPharm Labs\") and\n \n VIVO Cannabis Inc.\n \n (TSX: VIVO) (OTCQX: VVCIF) (\"VIVO\") are pleased to announce the completion of the previously announced plan of arrangement under section 192 of the\n \n Canada Business Corporations Act\n \n (the \"Arrangement\"), pursuant to which MediPharm has acquired all of the issued and outstanding common shares of VIVO (the \"VIVO Shares\") in an all-equity business combination transaction effective\n \n April 1, 2023\n \n (the \"Effective Time\"). The Arrangement combines two highly complementary businesses, creating a unique and market differentiating international medical cannabis leader.\n \n \n \n Key Transaction Highlights\n \n (1)\n \n \n \n \n \n \n Leading Pharmaceutical Cannabis Company:\n \n The acquisition of VIVO will add: established Australian and German medical cannabis brand Beacon Medical; an industry-leading medical cannabis clinic business Harvest Medicine; and a longstanding Canadian medical sales platform Canna Farms Medical.\n \n \n \n \n \n Direct to Patient Sales:\n \n (1)(3)\n \n \n Canna Farms was the first Licensed Producer in\n \n British Columbia\n \n , and its medical sales channel, Canna Farms Medical, has supported over 60,000 patients since 2014.\n \n (6)\n \n Following the Arrangement, it is anticipated that this platform will provide patients with a more diverse product portfolio that includes existing MediPharm...