Pure Global Cannabis Inc. (formerly Royal Sapphire Corp.) Completes Reverse Take-Over Transaction with PureSinse Inc.July 06, 2018
Pure Global Cannabis Inc. (“Pure Global”) has completed its reverse take-over transaction (the “Transaction”) with PureSinse Inc. (“PureSinse”) pursuant to which Pure Global acquired PureSinse through a three-cornered amalgamation whereby PureSinse amalgamated with a wholly-owned subsidiary of Pure Global. The Corporation will carry on the business of PureSinse. PureSinse is a life science cannabis company and a licensed producer under the ACMPR focused on producing premium-quality cannabis products for medical, wellness and future legal adult recreational use from its state-of-the-art, strategically-located flagship facility in Brampton, Ontario.
In connection with the closing of the Transaction, trading in the common shares of Pure Global will commence on July 11, 2018 on the TSX Venture Exchange under the symbol “PURE”.
Wildeboer Dellelce LLP acted for PureSinse in connection with the Transaction with a team that included Geoffrey Cher, Jeff Hergott, Amir Torabi and Alexandra Meffe (corporate/securities).