Elixinol Wellness Limited (ASX:EXL) agreed to acquire The Sustainable Nutrition Group Ltd (ASX:TSN) on November 29, 2022. TSN is advised by Canaccord Genuity (Australia) Limited (Canaccord) as financial advisor and K&L Gates as legal advisor in relation to the transaction. Canaccord has agreed to only take success fees to be satisfied by the issue of equity in the merged group as outlined in the SID attached to this announcement. The transaction is expected to close by late March 2023. The Federal Court of Australia has set down the First Court Date in respect of the proposed Scheme on June 28, 2023, and the Second Court Date on August 7, 2023. As of April 5, 2023, according to an updated indicative timetable for the completion of the transactions, the transaction is expected to close by late June 2023. The transaction is expected to close on August 8, 2023. As on August 2, 2023, Transaction has been approved by The Sustainable Nutrition Group's shareholders and seek Court approval of the scheme of arrangement on August 7, 2023. The Federal Court of Australia today ordered that the scheme of arrangement between TSN and its shareholders in relation to the proposed acquisition of all the shares in TSN by Elixinol Wellness be approved.It is expected that the Scheme record date will be on August 10, 2023 and implementation of the Scheme will occur on August 17, 2023.