Business
Dash Capital Corp. Enters into Amalgamation Agreement for Qualifying Transaction with Simply Solventless Concentrates Ltd.
Calgary, Alberta--(Newsfile Corp. - August 9, 2021) - Dash Capital Corp. ( TSXV: DCX.P ) (" Da...
About this update from Simply Solventless Concentrates Ltd
[{"type":"text","content":"Dash Capital Corp. Enters into Amalgamation Agreement for Qualifying Transaction with Simply Solventless Concentrates Ltd.Calgary, Alberta--(Newsfile Corp. - August 9, 2021) - Dash Capital Corp. (TSXV: DCX.P) (\"Dash\"), a capital pool company under TSX Venture Exchange Inc. (the \"TSXV\") Policy 2.4 - Capital Pool Companies (the \"CPC Policy\"), is pleased to announce that it has entered into an amalgamation agreement dated August 6, 2021 (the \"Amalgamation Agreement\") with Simply Solventless Concentrates Ltd. (\"SSC\") and 2366191 Alberta Ltd. (\"Dash Subco\"), a wholly owned subsidiary of Dash, in furtherance of Dash's proposed business combination with SSC (the \"Transaction\"). The Transaction was previously disclosed in the news release of Dash dated June 11, 2021 (the \"June News Release\"). A copy of the Amalgamation Agreement and the June News Release have been filed on Dash's SEDAR profile and are available for viewing at www.sedar.com.SSC's mission is to provide pure, potent, terpene-rich solventless concentrates to discerning cannabis consumers.SSC executes its mission through business-to-business and tolling arrangements with leading licensed producers who desire to provide their consumers with unforgettable experiences. It is SSC's goal to develop long-term relationships with the core values of transparency, continual improvement and product evolution.SSC's best in class products include dry sift hash, traditional pressed hash, bubble hash, flower rosin, hash rosin, live rosin, and rosin vape cartridges.SSC's products are currently manufactured under a licence agreement with Sundial Growers Inc. (\"Sundial\"). SSC is in negotiations to acquire Sundial's fully licenced Rocky View cultivation and processing facility located near Calgary, Alberta (the \"Facility Acquisition\"). With a team of highly experienced and passionate cannabis professionals, a focus on the highest level of quality standards, and a demonstrated track record of unparalleled customer service and strong revenue growth, SSC is positioned to become the leading solventless concentrates manufacturer in Canada. Upon closing of the Transaction, it is intended that the Resulting Issuer (as defined below) will change its name to \"Simply Solventless Concentrates Ltd.\", carry on the business of SSC and trade under the ticker symbol \"HASH\". The Transac...