SOL GLOBAL INVESTMENTS CORP. SOL Global Investments Corp. ("SOL Global" or the "Company"), and Goldstream Minerals Inc. ("Goldstream") announced that Goldstream and CannCure Investments Inc. ("CannCure"), a portfolio company of SOL Global, have entered into a letter of intent (the "LOI") dated January 8, 2020, outlining the proposed terms and conditions of a proposed transaction (the "Proposed Transaction") pursuant to which Goldstream would acquire a 100% interest in CannCure by way of a business combination that will result in a reverse takeover of Goldstream by the shareholders of CannCure. The entity resulting from the Proposed Transaction (the "Resulting Issuer") would continue to carry on the business of CannCure as a multi-state vertically integrated cannabis company (the "MSO") to be called "Bluma Wellness Inc." with operations in Florida through One Plant Florida (f/k/a 3 Boys Farm LLC) and in California with premium flower cultivator Northern Emeralds.
The LOI was negotiated at arm's length. Effective upon closing of the Proposed Transaction, Brady Cobb will transition from his role as SOL Global's current CEO and board member to his new role as CEO and Chairman of the Resulting Issuer.
