AgraFlora Organics International Inc. Announces Shareholder Support for Offer
August 15 2019 - 4:05PM
AgraFlora Organics International Inc.
(“
AgraFlora” or the
“
Company”) (
CSE: AGRA) (Frankfurt:
PU31) (OTCPK: AGFAF), announces that further to its news
release of August 9, 2019 announcing its intention to make an offer
(the “
Offer”) directly to the shareholders of
Eviana Health Corporation (“
Eviana”) to purchase
all of the issued and outstanding common shares (the
“
Eviana Shares”), it has received
confirmations of support from Eviana shareholders that exceeds the
statutory minimum condition of 50% of the outstanding Eviana
Shares.
Full details of the Offer are expected to be set out in the
formal Offer and take-over bid circular which is expected to be
mailed to Eviana shareholders, a copy of which is expected to be
available at www.sedar.com under Eviana’s profile. AgraFlora
expects to formally commence the Offer and mail the Offer and
take-over bid circular to Eviana shareholders over the coming
weeks.
About AgraFlora Organics International Inc.
AgraFlora Organics International Inc. is a growth oriented and
diversified company focused on the international cannabis industry.
It owns an indoor cultivation operation in London, ON and is a
joint venture partner in Propagation Service Canada and its
large-scale 2,200,000 sq. ft. greenhouse complex in Delta, BC. The
Company has a successful record of creating shareholder value and
is actively pursuing other opportunities within the cannabis
industry. For more information please visit: www.agraflora.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Brandon Boddy Chairman & CEOT: (604) 682-2928
For additional
information: |
|
|
AgraFlora Organics
International Inc. |
For French inquiries: |
Tim McNulty |
Remy Scalabrini, Maricom
Inc. |
E: ir@agraflora.com |
E: rs@maricom.ca |
T: (800) 783-6056 |
T: (888) 585-MARI |
|
|
Shareholders may also contact
AgraFlora’s Information agent: |
|
Laurel Hill Advisory Group |
|
Toll Free: 1-877-452-7184 |
|
Email:
assistance@laurelhill.com |
|
The CSE and Information Service Provider have
not reviewed and does not accept responsibility for the accuracy or
adequacy of this release.
Forward-looking Information Cautionary
Statement
Except for statements of historic fact, this
news release contains certain "forward-looking information" within
the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking statements are
based on the opinions and estimates at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking statements
including, but not limited to delays or uncertainties with
regulatory approvals, including that of the CSE. There are
uncertainties inherent in forward-looking information, including
factors beyond the Company’s control. There are no assurances that
the business plans for AgraFlora Organics described in this news
release will come into effect on the terms or time frame described
herein. The Company undertakes no obligation to update
forward-looking information if circumstances or management's
estimates or opinions should change except as required by law. The
reader is cautioned not to place undue reliance on forward-looking
statements. Additional information identifying risks and
uncertainties that could affect financial results is contained in
the Company’s filings with Canadian securities regulators, which
are available at www.sedar.com.
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