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Relentless Resources Announces Acquisition of Late Stage ACMPR Applicant, Record Date of Rights Offering, Fully Funded Phase 1 Cannabis Cultivation Facility, Additions to its Team, and Proposed Name Change
Relentless Resources Announces Acquisition of Late Stage ACMPR Applicant, Record Date of R...
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[{"type":"text","content":"\n\n\n\nRelentless Resources Announces Acquisition of Late Stage ACMPR Applicant, Record Date of Rights Offering, Fully Funded Phase 1 Cannabis Cultivation Facility, Additions to its Team, and Proposed Name Change\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{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prntbls{\nBORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, May 31, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./ \n\nTSX-Venture Exchange: RRL\n\n\n\nCALGARY, May 31, 2018 /CNW/ - Relentless Resources Ltd. (\"Relentless\" or the \"Company\") is pleased to announce that it has entered into an amalgamation agreement dated May 31, 2018 (the \"Amalgamation Agreement\") with Grunewahl Organics Inc. (\"Grunewahl\") and Relentless' wholly-owned subsidiary, 2114152 Alberta Ltd. (\"AcquisitionCo\"), to acquire all of the issued and outstanding shares of Grunewahl (the \"Transaction\"). Relentless is also pleased to announce the record date of its previously announced rights offering, its fully funded 29,800 square foot Phase 1 cannabis cultivation facility at Stavely, Alberta and key additions to its team. \n\nGrunewahl Amalgamation\n\nGrunewahl is a privately-owned company with its indirect wholly-owned subsidiary being a late stage applicant to become a licensed producer under Health Canada's Access to Cannabis for Medical Purposes Regulations (Canada) (\"ACMPR\"). Grunewahl has successfully completed Health Canada's application process to become a Licensed Producer under the ACMPR and is currently in the review stage. Grunewahl is also the owner of approximately four acres of undeveloped land on Highway 2 at Stavely, Al...