Emblem Corp. (TSXV:EMC) signed a non-binding letter of intent to acquire remaining 93% stake in Natura Naturals Inc. for CAD 68.3 million on July 26, 2018. The deal consideration consists of CAD 25 million in cash, CAD 12.5 million in mortgage financing and issue of approximately 26.1 million common shares of Emblem Corp. The entering into letter of intent follows Emblem’s recently announced CAD 3 million equity investment in Natura and the entering into of a 3,000 kg per year supply agreement. The closing of the transaction is subject to the negotiation and execution of a definitive agreement and certain other customary conditions including the receipt of all necessary regulatory approvals. The transaction is expected to close in the third quarter of 2018. Emblem Corp. (TSXV:EMC) cancelled the acquisition of remaining 93% stake in Natura Naturals Inc. on September 13, 2018.