PharmaCielo Ltd. (TSXV:PCLO) (OTCQX:PCLOF) revealed itsplans to acquire cannabis operations in Thailand.
What Happened
On Wednesday, the Canadian parent of Colombia's premier cultivator and producer of dried flower and medicinal-grade cannabis extracts,PharmaCielo Colombia Holdings S.A.S., announced it had signed abinding letter of intent to enter a proposed transaction to acquire 100% of the issued and outstanding shares of Siam Ventures Corporationin exchange for common shares of PharmaCielo equaling toCA$3 million ($2.2 million).
Under the deal, the sum will be payable on closing via the issuance of 13,636,363 PharmaCielo Shares to Siam Ventures...
Login or create a forever free account to read this news
Sign up/Log in