RE:Looks like it is on the up and up to mequietobserver wrote: Later that month, Vic Neufeld and Cole Cacciavillani of Aphria, George Scorsis and Gabriel Meneses of Scythian and Alejandro Urdaneta, local partner / shareholder of Colcanna, travelled to Colombia to meet with the Colcanna management team and engage in a site visit. During the course of the trip, the parties visited Colcanna’s field operations. The team inspected the farm and participated in a strategy meeting led by Scythian and Colcanna’s management team. As the acquisitions of Colcanna and ABP were being discussed, Scythian put forward the idea of Aphria also acquiring Marigold as part of a proposed Transaction. Scythian believed it could be strategic from both Aphria’s and Scythian’s perspectives to include it as part of a proposed Transaction. On July 10, 2018, Mr. Merton and Mr. Jakob Ripshtein from Aphria travelled to Jamaica to further review the current operations of Marigold. On July 7, 2018, Scythian contacted Clarus to advise the Board on the proposed Transaction. On July 10, 2018, Scythian formally engaged Clarus to assist the Board with its evaluation of the proposed Transaction and to deliver a fairness opinion. On or about July 10, 2018, Scythian and its legal counsel, Gowling WLG (Canada) LLP (“Gowling WLG”), concluded that, given Aphria’s ownership of Shares and warrants of Scythian, the proposed Transaction would constitute a “related party transaction” under MI 61-101 and require, among other things, an independent formal valuation. Given that Clarus was not considered independent to Scythian under MI 61-101, Scythian contacted Haywood. After considering its independence and qualifications, the Board formally engaged Haywood on July 11, 2018 to prepare a formal valuation as required under MI 61-101, as well as to deliver a fairness opinion.
Wow! That’s Huge!!