Feb 11 (Reuters) - Entheos Capital Corp ENTHh.V :
* ENTHEOS TO ENTERS INTO BINDING LETTER AGREEMENT TO ACQUIRE THE BC BUD CO. IN REVERSE TAKEOVER TRANSACTION
* ENTHEOS CAPITAL - UPON COMPLETION OF TRANSACTION, COREY LARRICQ WILL RESIGN AS A DIRECTOR OF CO, SAMANTHA SHORTER WILL RESIGN AS CFO
* BCBC WILL APPOINT TWO NEW DIRECTORS OF COMPANY TO BE DETERMINED AND A NEW CHIEF FINANCIAL OFFICER AND CORPORATE SECRETARY
* ENTHEOS CAPITAL - UPON COMPLETION IT IS ANTICIPATED THAT CO WILL CARRY ON BUSINESS OF BCBC, WILL SEEK TO DELIST ITS SHARES FROM TSX VENTURE EXCHANGE
* ENTHEOS - ENTERED BINDING LETTER AGREEMENT DATED FEBRUARY 7, 2021 WITH BC BUD CO. WHEREBY CO WILL ACQUIRE ALL SECURITIES OF BCBC VIA SHARE EXCHANGE
* UPON SUCCESSFUL COMPLETION OF DEAL, CO TO LIST ITS COMMON SHARES ON CANADIAN SECURITIES EXCHANGE
* BRAYDEN SUTTON WILL REMAIN AS CEO AND A DIRECTOR AND JOSH TAYLOR WILL REMAIN AS A DIRECTOR AND BE APPOINTED AS PRESIDENT
* COMPANY WILL ISSUE 2.1 ENTH SHARES FOR EACH BCBC SHARE
* TRADING IN ENTH SHARES HAS BEEN HALTED AND IS EXPECTED TO REMAIN HALTED PENDING SATISFACTION OF LISTING REQUIREMENTS OF CSE
* UPON COMPLETION OF TRANSACTION, COMPANY INTENDS TO CHANGE ITS NAME TO " BC BUD CO"