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Harvest One says transaction with Delivra expected to close shortly as shareholders approve move

The firm said it expects the transaction to close on July 3

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Harvest One and Delivra said they expect the transaction to be completed on July 3, 2019

Harvest One Cannabis Inc (CVE:HVT)(OTCMKTS:HRVOF) announced Friday that it expects its transaction with Delivra to close on July 3, thanks to the approval of shareholders. 

The firm is aiming to acquire Delivra, with each shareholder entitled to receive 0.595 of a common share of Harvest One in exchange for each Delivra share held.

The company said in a statement that 99.98% of shareholders voted in favour of the transaction and Delivra has obtained a final order by the Ontario Superior Court of Justice for the transaction.

READ: Harvest One to distribute Satipharm CBD Gelpell capsules in UK and Ireland

Together, the firms said they have continued to work together to complete the transaction in accordance with the terms of the arrangement agreement dated March 3, 2019 between the parties. 

Harvest One and Delivra said they expect the transaction to be completed on July 3, 2019. 

Contact Katie Lewis at [email protected]

Quick facts: Harvest One Cannabis Inc

Price: 0.42 CAD

TSX-V:HVT
Market: TSX-V
Market Cap: $90.16 m
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