SynerGenetics Bioscience Inc. has acquired 14.25 million common shares in the capital of Discover Wellness Solutions Inc. (formerly RMMI Corp.). The corporation issued the common shares to the acquirer as partial consideration for the contribution of premium high-cannabidiol hemp flower and biomass from the acquirer, in connection with a definitive purchase agreement dated Oct. 14, 2020, for the contribution of up to one million kilograms of hemp biomass from the acquirer (refer to press release dated Oct. 15, 2020, for details of the hemp contribution agreement).
Prior to the acquisition, the acquirer did not own or control any common shares of the corporation.
Immediately after the acquisition, the acquirer owned and controlled 14.25 million common shares, being approximately 26.92 per cent of the issued and outstanding common shares.
The common shares acquired are subject to certain trading restrictions. The acquirer reserves the right, directly or indirectly, to acquire ownership or control over additional securities in accordance with applicable securities legislation, or from time to time to dispose of any securities of the corporation that it may own.
A copy of the early warning report will appear on the corporation’s profile on SEDAR.
The address of the acquirer is care of Suite 305 South Tower, 5811 Cooney Rd., Richmond, B.C., V6X 3M1.
About Discover Wellness Solutions Inc.
Discover Wellness (formerly RMMI Corp.) is a Canadian company licensed, through its subsidiary, to cultivate, produce, process and sell cannabis in various forms. The corporation’s vision is to enhance shareholder value by establishing cost leadership in hemp processing and CBD extraction coupled with a global distribution strategy.