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BRIEF-Press Release - Sun Pharm And Bevo Agro To Merge As Zenabis

Published 2018-10-04, 07:46 p/m
BRIEF-Press Release - Sun Pharm And Bevo Agro To Merge As Zenabis
ZENA
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Oct 4 (Reuters) - Bevo Agro Inc BVO.V :

* PRESS RELEASE - SUN PHARM AND BEVO AGRO TO MERGE AS ZENABIS

* -AGREEMENT DATED OCTOBER 4, 2018 WITH SUN PHARM INVESTMENTS LTD. ("SUN PHARM") FOR A REVERSE TAKE-OVER OF BEVO

* AMALGAMATION OF SUN PHARM WITH A CO'S UNIT, WITH SUN PHARM SHAREHOLDERS RECEIVING BEVO SHARES REPRESENTING 86 PCT OF OUTSTANDING BEVO SHARES

* EXISTING BEVO SHAREHOLDERS CONTINUING TO HOLD BEVO SHARES REPRESENTING A 14 PCT INTEREST IN BEVO

* WILL DISTRIBUTE ITS INTEREST IN CUBICFARM TO SHAREHOLDERS OF CO

* CO SHAREHOLDERS EXPECTED TO RECEIVE ONE COMMON SHARE OF CUBIC FOR EVERY BEVO SHARE HELD

* TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF BEVO

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