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BRIEF-Leo Acquisitions And CBx Brands Announce Letter Of Intent For Proposed Qualifying Transaction

Published 2019-07-26, 07:51 a/m
BRIEF-Leo Acquisitions And CBx Brands Announce Letter Of Intent For Proposed Qualifying Transaction
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July 26 (Reuters) - Leo Acquisitions Corp LEQh.V :

* LEO ACQUISITIONS AND CBX BRANDS ANNOUNCE LETTER OF INTENT FOR PROPOSED QUALIFYING TRANSACTION

* LEO ACQUISITIONS CORP - UNDER TERMS OF AGREEMENT, VPZ HAS AGREED TO MANUFACTURE CERTAIN CBX PRODUCTS AT COST PLUS A 25% FEE

* LEO ACQUISITIONS CORP - CBX PLANS TO LAUNCH INTO UNITED STATES IN Q1 OF 2020.

* LEO ACQUISITIONS CORP - FOLLOWING COMPLETION OF DEAL, EXPECTED THAT BOARD OF DIRECTORS OF RESULTING ISSUER WILL CONSIST OF A MINIMUM OF 6 DIRECTORS

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