Emblem Receives Final Order Approving Arrangement With Aleafia
March 08 2019 - 1:36PM
Emblem Corp. (TSXV: EMC, OTCQX: EMMBF) (“
Emblem”
or the “
Company”) is pleased to announce that it
has received a final order from the Ontario Superior Court of
Justice (Commercial List) approving the previously announced plan
of arrangement (the “
Arrangement”) with Aleafia
Health Inc. (“
Aleafia”) described in the joint
press release issued by Emblem and Aleafia on December 19, 2018.
Closing of the Arrangement remains subject to
customary closing conditions, including the final approval of the
TSX Venture Exchange (“TSXV”). Assuming the
satisfaction or waiver of these remaining closing conditions, it is
anticipated that the Arrangement will be completed on or around
March 14, 2019.
About Emblem
Emblem is a fully integrated cannabis company
focused on driving shareholder value through product innovation,
brand relevance, and access to patient and consumer channels.
Through its wholly-owned subsidiary Emblem Cannabis Corporation,
Emblem is licensed to cultivate, process, and sell cannabis and
cannabis derivatives in Canada under the Cannabis Act. Emblem’s
state-of-the-art indoor cannabis cultivation facility and Product
Innovation Centre is located in Paris, Ontario. Emblem is also the
parent company of GrowWise Health Limited, one of Canada’s leading
cannabis education services. Emblem trades under the ticker symbol
EMC on the TSXV.
For more information, please visit
www.emblemcorp.com.
For media inquiries, please contact:
Deborah RoweH+K Strategies
416.413.4780Deborah.Rowe@hkstrategies.ca
For further information contact:
Emblem Corp.
Kingsdale Advisors Toll-Free (within North America):
1.866.581.0508Call Collect (outside North America):
416.867.2272contactus@kingsdaleadvisors.com
Alex StojanovicChief Financial OfficerEmblem
Corp.416.923.1331alexs@emblemcorp.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information in this news release
constitutes forward-looking statements under applicable securities
laws. Any statements that are contained in this news release that
are not statements of historical fact may be deemed to be forward
looking statements. Forward-looking statements in this news release
include, but are not limited to, satisfaction of conditions
precedent to the closing of the Arrangement and the expected timing
to close the Arrangement. Readers are cautioned that the foregoing
list is not exhaustive, and that, in particular, there can be no
assurance that Emblem will receive the requisite approvals for the
Arrangement (if at all) including regulatory and stock exchange, or
that the Arrangement will be completed even if all necessary
approvals are obtained. Readers are further cautioned not to place
undue reliance on forward-looking statements as there can be no
assurance that the plans, intentions or expectations upon which
they are placed will occur. Such information, although considered
reasonable by management at the time of preparation, may prove to
be incorrect and actual results may differ materially from those
anticipated. Forward-looking statements contained in this news
release are expressly qualified by this cautionary statement and
reflect our expectations as of the date hereof, and thus are
subject to change thereafter. Emblem disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
There can be no assurance that the Arrangement
will occur, or that it will occur on the terms and conditions
contemplated in this news release. The Arrangement could be
modified, restructured or terminated. Actual results could differ
materially from those currently anticipated due to a number of
factors and risks.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this press release.
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