Business
A-Labs Capital IV Corp. Halted Pending Announcement of Qualifying Transaction for the Combination with Vertical Field Inc.
A-Labs Capital IV Corp. Halted Pending Announcement of Qualifying Transaction for the Com...
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[{"type":"text","content":"\n \n \n \n A-Labs Capital IV Corp. Halted Pending Announcement of Qualifying Transaction for the Combination with Vertical Field Inc.\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWS WIRES/\n \n \n \n \n CALGARY, AB\n \n ,\n \n April 9, 2021\n \n /CNW/ - A-LABS CAPITAL IV CORP. (TSXV: ALCC.P)  (the \"Corporation\"), a capital pool company, is pleased to ‎announce that trading of the Corporation's common shares on the TSX Venture Exchange (\"TSXV\") has ‎been ‏halted at the Corporation‎'‎s request pending announcement of a proposed transaction‎ ‎‏ ‏‎(‎‏\"‏Transaction‏\"‏‎).  ‎The ‏Corporation has entered into a letter of intent dated April ‏‎6‎‏, ‏‎2021 ‎with Vertical Field ‏‎ Ltd. (‎‏\"‏Vertical Field‏\"‏‎)‎‏, ‏an ‎arm‏'‏s length private company.\n \n \n Vertical Field, is an Israeli ag-tech company, incorporated in\n \n July 2009\n \n , specializing in vertical agricultural farms ‎that ‎enable crops to grow in the city‎. ‎Vertical Field‎'‎s unique technology enables produce to grow on a ‎bed of soil ‎‎(geoponically) inside of repurposed shipping containers. Vertical Field's advanced ‎technologies enable high‎-‎quality crops to grow quickly and efficiently in optimum conditions ‎without the use of chemical pesticides. These ‎customizable urban farms can grow a ‎‎range of fresh crops for supermarkets, restaurants, urban farmer's markets, ‎and distribution ‎centers‎. ‎Vertical Field‎'‎s technology is more efficient and less wasteful than conventional ‏‎agricultural methods, using ...