there it is... Toronto, Ontario--(Newsfile Corp. - September 4, 2019) - Osoyoos Cannabis Inc. (CSE: OSO) ("Osoyoos" or the "Company) wishes to announce that its letter of intent with Anahit International Corp. ("Anahit") as previously announced on May 16, 2019 (the "LOI") has been terminated. Pursuant to the LOI, Osoyoos and Anahit were to complete a business combination that would result in a reverse takeover of Osoyoos. Osoyoos and Anahit mutually agreed to terminate the LOI after concluding that the expected synergies of the transaction were unlikely to be realized.
The Company has applied to the CSE to resume trading of its common shares, and expects that such approval will be granted shortly. The Company will issue a further press release upon receipt of CSE approval.
About Osoyoos Cannabis Inc.
Osoyoos Cannabis Inc. is an early-stage cannabinoid extraction company based in Oliver, BC. Osoyoos Cannabis has applied for a standard processing license under the Cannabis Act for its 10,410 ft2 facility and that application is currently in the review stage. The Company will offer contract tolling extraction, sale of bulk oil and development of both proprietary Osoyoos Cannabis branded and white labelled products once licensed to do so.
For further information, please contact:
Osoyoos Cannabis Inc.
Gerry Goldberg, Interim CEO
Phone: (416) 460-3000
Read more at https://stockhouse.com/news/press-releases/2019/09/04/osoyoos-announces-termination-of-loi-with-anahit#0jvocughjFz82AHV.99