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