(via TheNewswire)
TRU is one of Western Canada’s largest cannabis and hemp processors. Their 12,500 square foot state of the art facility in
“This acquisition is a big step forward for Gaia,” says
“TruExtracts is very excited to start this next chapter in our goal to become
Pursuant to the terms of the Purchase Agreement, the Company intends to acquire all of the outstanding share capital of TRU in consideration for
In addition to the Consideration Shares, the shareholders of TRU will be entitled to receive a one-time bonus of
The Company is at arms-length from TRU and each of the shareholders of TRU. The acquisition of TRU is not expected to constitute a fundamental change for the Company, nor will it result in a change of control of the Company, within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange. In connection with the completion of the acquisition, the Company intends to issue 3,000,000 commonshares to an arms-length third-party who assisted with facilitating the acquisition. Completion of the acquisition remains subject to delivery of customary closing materials and applicable filings with the Canadian Securities Exchange.
Chief Financial Officer
The Company is also pleased to announce that effective immediately, Zula Kropivnitski has been appointed as chief financial officer of the Company. Ms. Kropivnitski is a designated chartered professional accountant (CPA, CGA) with over 15 years of experience in financial reporting, compliance and corporate tax. She has provided comprehensive accounting and financial advisory services to a variety of public and private companies. Ms. Kropivnitski received her Certified General Accountant professional accounting designation from the
Ms. Kropivnitski fills the vacancy created by Natalia Samartseva, who has left the Company to focus on other ventures.
For more Information, please visit their website athttps://truextractslabs.com/
The Company has posted a video on its YouTube channel and will continue to diligently post updates over the coming months. A link to Gaia’s official YouTube page can be found here:https://www.youtube.com/channel/UC7tbvsY5gl2CrlsESYkbbgw
Please join the conversation on our GAIA group supporter’s telegram group at https://t.me/gaiagrow and visit us online athttps://www.gaiagrow.com/
For further information please contact:
(403)-991-7737
fp@gaiagrow.com
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
CAUTIONARY AND FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect", “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could", "might", “should”, “believe”, “would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the hemp industry in general such as operational risks in growing; competition; incorrect assessment of the value and potential benefits of various transactions; ability to access sufficient capital from internal and external sources; failure to obtainrequired regulatory and other approvals and changes in legislation, including but not limited to tax laws and government regulations. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release.
Copyright (c) 2021 TheNewswire - All rights reserved.
Copyright (c) 2021 TheNewswire - All rights reserved., source