MJ Harvest, Cannabis Sativa Announce Signing Of Definitive Plan of Merger And Reorganization
MJ Harvest, Cannabis Sativa Announce Signing Of Definitive Plan of Merger And Reorganization
MJ Harvest, Inc. ("MJHI") (OTCQB:MJHI) announced that it has entered into a definitive Agreement of Merger and Plan of Reorganization (the "Merger Agreement") to merge with and into Cannabis Sativa, Inc. ("CBDS" or "Cannabis Sativa").
亞洲網加利福尼亞州聖何塞10月24日電MJ嘉實公司(MJHI)(場外交易市場代碼：MJHI)宣佈，它已與大麻公司(CBDS或“Cannabis Sativa”)達成合並和重組計劃的最終協議(“合併協議”)。
The Merger Agreement was executed on August 8, 2022, and management expects the merger and reorganization to be completed in the fourth quarter of calendar year 2022, subject to certain conditions precedent including shareholder approval by both MJHI and CBDS shareholders.
合併協議於2022年8月8日簽署，管理層預計合併和重組將於2022年第四季度完成，前提是某些先決條件，包括MJHI和CBDS股東的股東批准。
The Merger Agreement provides for MJHI shareholders to receive 2.7 shares of CBDS common stock for each one share of MJHI common stock held immediately prior to the merger. Upon completion of the merger on the terms described in the Merger Agreement, it is anticipated that MJHI shareholders would own approximately 72% of the surviving company. The Merger Agreement contemplates that CBDS will be the surviving company in the merger and that following the merger, MJHI will cease to exist as a separate corporate entity.
合併協議規定，MJHI股東在緊接合並前持有的每1股MJHI普通股中，將獲得2.7股CBDS普通股。根據合併協議所述條款完成合並後，預計MJHI股東將擁有尚存公司約72%的股份。合併協議預期CBDS將成為合併中尚存的公司，合併後，MJHI將不再作為一個獨立的法人實體存在。