RE:$$$ONE OF NFs PROPERTIES$$$$New Age Farm intends to spin out NHS as a separate operating company for a number of reasons that include, but are not limited to, the ability to list NHS on a stock exchange to build greater shareholder value in the Company’s Canadian assets; to allow the Company to focus its attention on its US cannabis facilities’ operations which are now in production; to build a Canadian facility that is ready to take advantage of the upcoming changes to Canadian legislation regarding recreational marijuana and to provide our shareholders with the opportunity to take part in two separate and distinct companies, both with the potential to generate substantial returns that shareholders will realize from two successful operations that provide services and facilities for tenant-growers in the lucrative and growing recreational marijuana industry.
Read more at https://www.stockhouse.com/news/press-releases/2016/12/05/new-age-farm-provides-update-regarding-the-plan-of-arrangement-with-nhs#pSx8F6X1awE3cv3V.99