VIVO Cannabis Inc. VVCIF

Vivo gets about 1/3 conversion rate in Labs shares !!!

[1hot-techwoman]

VIVO shareholders are entitled to receive 0.2910 of a common share of MediPharm (each whole share, a "MediPharm Share") in exchange for each VIVO Share held immediately prior to closing of the Arrangement (the "Exchange Ratio"). In aggregate, MediPharm issued approximately 107,930,964 MediPharm Shares pursuant to the Arrangement to former VIVO shareholders as consideration for their VIVO Shares. The Combined Company is owned approximately 73.1% by former MediPharm shareholders and approximately 26.9% by former VIVO shareholders.

In addition, upon closing of the Arrangement: (i) each of VIVO's outstanding restricted share units was deemed to be vested and was settled and cancelled in exchange for a cash payment equal to $0.025 per RSU, less applicable amounts withheld; (ii) each of VIVO's outstanding deferred share units was deemed to be vested and was settled and cancelled in exchange for a cash payment equal to $0.025 per DSU, less applicable amounts withheld; and (iii) all of VIVO's outstanding stock options, whether vested or unvested, were cancelled effective as of Closing without any payment in respect thereof.

In order to receive MediPharm Shares in exchange for VIVO Shares, registered shareholders of VIVO must complete, sign, date and return the letter of transmittal that was mailed to each VIVO shareholder prior to closing. The letter of transmittal is also available under VIVO's profile on SEDAR at www.sedar.com. For those shareholders of VIVO whose VIVO Shares are registered in the name of a broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they should contact such nominee for assistance in depositing their VIVO Shares and should follow the instructions of such intermediary or nominee.