Khiron Life Sciences Corp., a medical cannabis company with core operations in Latin America reports that the Company’s previously announced agreement for the acquisition (the “Acquisition”) of NettaGrowth International Inc. (“NettaGrowth”), which at closing will own all of the outstanding shares of a Uruguayan company, Dormul S.A. (“Dormul”), is progressing as planned.
On June 5, 2019, the Company secured local regulatory approvals in Uruguay for the completion of the Acquisition. The Company has received conditional approval for the Acquisition from the TSX Venture Exchange Inc..
At this time, there has been no change to the status of the license applications of Dormul. The parties anticipate completing the Acquisition by the middle of June 2019, subject to the satisfaction or waiver of all closing conditions and receipt of all regulatory approvals.
Date: June 10, 2019
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Source: Bloomberg
