Brief: Chemesis International To Acquire Colombia Based Cannabis Company

Refined Energy

05/11/2018 08:16

Nov 5 (Reuters) - Chemesis International Inc  CSI.CD :
    * . SIGNS BINDING AGREEMENT TO ACQUIRE 100% OF COLOMBIA
BASED
CANNABIS COMPANY - LA FINCA INTERACVIVA-ARACHNA MED
    * WILL ACQUIRE LA FINCA FOR $13,500,000 CAD IN A COMBINATION
OF
CASH AND COMMON SHARES
    * CHEMESIS - LA FINCA CURRENTLY HAS SEVERAL MANUFACTURING
RELATIONSHIPS AND CAD$2.5-MILLION WORKING CAPITAL AVAILABLE TO
EXPAND ITS OPERATIONS

Source text for Eikon:  ID:nGNXbLg5p4 
Further company coverage:  CSI.CD 

 ((Reuters.Briefs@thomsonreuters.com;))