A glance at some of the day’s highlights from the Proactive Investors US and Canada newswires
() (OTCMKTS:FLWPF) updated shareholders on Monday on its previously announced acquisition of Terrace Global Inc (CVE:TRCE), a multi-country cannabis operator focused on acquiring international cannabis assets. Flowr and Terrace are joint operators of the Aljustrel outdoor medical cannabis facility in Portugal. The C$63 million all-stock acquisition is expected to create better operating efficiencies within its existing partnership and realize synergies of approximately $2 million per year. Toronto-based Flowr told shareholders on Monday that the deal has the support of around 68% of Terrace shareholders, while Terrace has received proxies voting in favour of the transaction representing approximately 58% of its issued and outstanding common shares.
HIRE Technologies Inc () announced Monday it had completed its previously announced acquisition of Kavin Talent Management & Recruiting, which offers staffing services for a wide range of industrial and health care roles in Canada. The acquisition is expected to expand HIRE’s service offering to include in-demand general labour staffing in Ontario. HIRE Technologies will pay a total consideration of C$1 million for Kavin, consisting of $781,500 in cash and up to $200,000 in HIRE Technologies common shares at a deemed price of $0.622 per share.
Esports Entertainment Group Inc () announced that it has finalized its binding agreement to acquire the Esports Gaming League (EGL), with the deal expected to close before January 8, 2021. EGL is a business-to-business (B2B) centric provider of live and online events and tournaments, with more than 350,000 registered gamers, where participants can compete and enjoy a wide range of content relating to esports and video games. Its proprietary technology platform provides services such as full turnkey esports events, live broadcast production, game launches, and online branded tournaments.
True Leaf Brands Inc () (OTCPINK:TRLFF) (FRA:TLA) said Monday it had closed the previously announced amalgamation deal – the last step of its restructuring process – and appointed three board directors. As reported last month, the group was set to emerge from creditor protection after closing a refinancing transaction. This amalgamation was undertaken to reacquire True Leaf Cannabis Inc (TLC) and True Leaf Investments Corp (TLI), which had been acquired by the so-called ‘AcquisitionCos’ as part of True Leaf’s proposals to its creditors and restructuring.
Inc () announced Monday it has contracted to sell all 2020 grain production of its high oleic soybean to Archer-Daniels-Midland Company (NYSE: ADM), a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. In a statement, Calyxt said the transaction is a key step…
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