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BRIEF-Organto Enters Into Agreement To Acquire Medicannabis S.A.S

Published 2018-11-01, 08:46 a/m
BRIEF-Organto Enters Into Agreement To Acquire Medicannabis S.A.S
OGO
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Nov 1 (Reuters) - Organto Foods Inc OGO.V :

* ORGANTO ENTERS INTO AGREEMENT TO ACQUIRE MEDICANNABIS S.A.S

* ORGANTO FOODS INC - UNDER TERMS OF AGREEMENT, TRANSACTION WOULD PROCEED IN TWO STAGES

* ORGANTO FOODS INC - COMPANY INTENDS TO PAY A FINDER'S FEE IN CONNECTION WITH ACQUISITION OF MEDICANNABIS AND ISSUANCE OF SHARES

* ORGANTO FOODS INC - IN FIRST STAGE ORGANTO ACQUIRES SHARES OF MEDICANNABIS AND UNDERTAKES FINAL STAGES OF LICENSING PROCESS

* ORGANTO FOODS - IN SECOND STAGE, ORGANTO ISSUES UP TO 8 MILLION SHARES TO ORIGINAL SHAREHOLDERS OF MEDICANNABIS UPON RECEIPT OF A CULTIVATION LICENSE

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