GREY:CBICF - Post by User
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Wepoundemon Oct 18, 2018 9:21am
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Post# 28825950
Mpx and ianthus combine in all stock deal
Mpx and ianthus combine in all stock dealNEW YORK and TORONTO, Oct. 18, 2018 /PRNewswire/ - iAnthus Capital Holdings, Inc. (ITHUF) ("iAnthus" or the "Company"), (CSE: IAN, OTCQX: ITHUF), and MPX Bioceutical Corporation ("MPX") (CSE: MPX; OTC:MPXEF) announced today that both companies have signed an arrangement agreement (the "Agreement") pursuant to which iAnthus will combine with MPX in an all-stock transaction with offered equity consideration to MPX shareholders valued at $835 million before giving effect to MPX International (defined below) and assuming all of MPX's dilutive securities are exercised prior to the completion of the transaction. The Agreement represents the first public to public merger transaction in U.S. cannabis history.