Emergia Inc. (CNSX:EMER) entered into a binding agreement to acquire a 85% stake in Portfolio of 6 retail plazas located in Ontario for approximately CAD 120 million in second quarter of 2021. Total consideration for the transaction consists of approximately CAD 89.3 million which is payable by the assumption of debt and approximately CAD 32 million which is payable in a combination of cash and shares of the Emergia Inc. The transaction is subject to customary conditions. The closing of the transaction is expected to take place in the third quarter of 2021.