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Cannabis Strategies Acquisition Corp. Announces Filing of Final Non-Offering Prospectus, Amendment of Meeting Date and Redemption Deadline

2019-02-15 17:00:07


TORONTO, Feb. 15, 2019 /CNW/ - Cannabis Strategies Acquisition Corp. (NEO: CSA.A, CSA.WT, CSA.RT) ("CSAC") announces that it has filed its final non-offering prospectus (the "Final Prospectus") with the securities regulatory authorities in each of the provinces and territories of Canada (other than Quebec) and has obtained a receipt therefor. CSAC also announces that the previously announced date in respect of the special meeting of its shareholders (the "Meeting") pursuant to CSAC's notice of meeting dated January 8, 2019 (the "Initial Notice of Meeting") has been amended pursuant to an amended notice of meeting dated as of the date hereof (the "Amended Notice of Meeting"). The Meeting is scheduled to take place on March 18, 2019. Additionally, CSAC is pleased to announce that the deadline for holders of Class A Restricted Voting shares of CSAC ("Class A Restricted Voting Shares")' to elect to redeem their Class A Restricted Voting Shares is 5:00 pm (Toronto time) on March 11, 2019, or such other date as is determined in accordance with CSAC's articles and as further described below.

On October 17, 2018, CSAC announced that it had entered into definitive agreements (as amended, the "Definitive Agreements") to concurrently acquire the target businesses of Washoe Wellness, LLC ("Washoe"), The Canopy NV, LLC ("Canopy"), Sira Naturals, Inc. ("Sira"), LivFree Wellness, LLC ("LivFree") and CannaPunch of Nevada LLC, which are collectively intended to constitute CSAC's qualifying transaction (the "Transaction"). The Transaction is anticipated to create a combined enterprise with a strong combination of high-quality assets anchoring the Eastern and Western United States. When completed, CSAC will own three cultivation and production facilities and eight dispensaries across the states of Nevada and Massachusetts, in addition to key licenses.

The Transaction remains subject to the satisfaction of certain conditions, including, among other things, NEO Exchange Inc. ("NEO") approvals, as well as certain other closing conditions. There can be no assurance that these conditions will be satisfied.

Closing of the Transaction is expected to occur in Q1 or early Q2, 2019, subject to the satisfaction or waiver of the conditions contained in the Definitive Agreements as well as applicable NEO and shareholder approvals.


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Indiva Limited - Press Release Correction

2019-02-15 12:00:37


LONDON, ON, Feb. 15, 2019 /CNW/ - Indiva Limited (the "Company" or "Indiva") (TSXV:NDVA) (US:NDVAF) announces a correction to its press release entitled "BNN BLOOMBERG IDENTIFIES INDIVA AS RAPIDLY GROWING IN THE CANNABIS SECTOR" issued today.

The Company wishes to clarify the Company will be featured on an upcoming episode of Business Television (BTV), a program aired on BNN Bloomberg, and has not been endorsed or otherwise identified by BNN Bloomberg.

BTV is a half-hour weekly investment program, which profiles emerging companies across Canada and the US to bring investors information for their portfolio. With Hosts Taylor Thoen and Jessica Katrichak, BTV interviews experts, top analysts, plus features companies at their location giving investors an insightful business perspective.



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Village Farms International's Common Shares Approved for Listing on Nasdaq

2019-02-15 11:00:33

VANCOUVER, Feb. 15, 2019 /CNW/ - Village Farms International, Inc. ("Village Farms" or the "Company") (TSX:VFF; OTCQX: VFFIF) today announced that its common shares have been approved for listing on the Nasdaq Capital Market under the symbol "VFF".  The initial trading date on Nasdaq for Village Farms' common shares is still be determined and will be announced when confirmed.  Village Farms' common shares will continue to be listed and trade on the Toronto Stock Exchange (TSX), also under the symbol "VFF".

Concurrent with the commencement of trading of its common shares on Nasdaq, Village Farms will voluntarily delist its common shares from the OTCQX.  Shareholders who have previously traded Village Farms common shares through the OTCQX will now be able to trade those shares through Nasdaq.

In conjunction with this Nasdaq listing, Village Farms' common shares will become Direct Registration System (DRS) eligible for U.S. shareholders.

Anticipated Timing of Fourth Quarter and Year End 2018 Financial Results

Village Farms expects to report its fourth quarter and year-end 2018 financial results after markets close on Wednesday, March 13, 2019.  The Company will issue a further news release confirming that date and time, as well as that of its fourth quarter and year-end conference call, approximately two weeks prior thereto.


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Ascent Industries Wholly-Owned Subsidiary Receives Notification of Potential Suspension, Revocation or Non-renewal of Business License

2019-02-15 09:00:04

VANCOUVER, Feb. 15, 2019 /CNW/ - Ascent Industries Corp. (CSE: ASNT) ("Ascent" or the "Company") wishes to advise that Sweet Cannabis ("SC"), the Company's wholly-owned subsidiary operating in Las Vegas, Nevada has received notice from Clark County's Department of Business License (the "Department"), of the potential suspension, revocation or non-renewal of SC's Master Marijuana License (the "License") in Clark County, Nevada.

The Department advised that through an investigation, SC was found to have been operating outside the scope of the License.  The Department noted three specific violations:

SC has been advised that it must appear before a Hearing Officer on February 28, 2019 to show cause why the License shall not be permanently suspended, revoked or non-renewed.  Should the Department not be satisfied with SC's responses, it may suspend, revoke or not renew the License.  SC has a right of appeal of such a decision and may also file a petition for a judicial review conducted by the District Court.  Ascent is fully committed to addressing the Department's concerns, and will appear and provide appropriate information to the Department at the February 28, 2019 hearing.  The Company notes that the consumption event appears to have taken place on November 15, 2018 under the former management team of Ascent, who resigned on November 21, 2018, and is reviewing the matter.

Ascent will provide further updates as they become available.


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