MERGERS & ACQUISITIONS
*We recorded 3 M&A transactions during Week 19 of 2020, vs. 7 in the prior year period.
*All 3 acquisitions were made by public companies which remain the predominant acquirers in the industry.
*Sire Bioscience Inc. (CSE:SIRE)(CNSX:SIRE.CN)(OTC:BLLXF) (FSE:BR1B) announced that, in a strategic move to enter the USD$50 billion sports nutrition space, entered into a definitive agreement to acquire 100% of the issued and outstanding common shares of Fusion Nutrition Incorporated, in exchange for $145,682 worth of common shares of the Company at a value of $0.05 per common share subject to any approvals required by the Canadian Securities Exchange.
*SLANG Worldwide Inc. (CNSX: SLNG), (Frankfurt: 84S), announced that it has entered into an acquisition agreement dated March 2, 2020 to acquire Cultivate Brands Corp. Cultivate is a privately-owned company with a portfolio of brands and other intellectual property which are complementary to SLANG's portfolio.The Acquisition is structured as an all-stock transaction in which SLANG will issue a non-material amount of common shares in exchange for all the issued and outstanding shares of Cultivate. The majority of the SLANG Shares issued pursuant to the acquisition will be subject to a lock-up period with rolling expiration dates.
*Global Health Clinics Ltd. (CSE: MJX) has closed and acquired all of the issued and outstanding shares of Anytime Health Corp. (AHC), a private British Columbia corporation, for consideration of 30 million Global Health shares at a deemed price of $0.05 per share to AHC shareholders. Global Health will use Anytime Health as a developmental stage web based application to assist with medical records and scheduling of daily appointments for medical clinics and medical offices.
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