looking back......$10 million termination fee RECD in JulyFor anyone new in here, go back and review each press release. There are so many key details. Here is a great one.......
$10 Million Termination Fee Received and Keith Merker Appointed As Chief Executive Officer
Toronto, Canada, July 10, 2018 – WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical cannabis, announces that it has agreed with Hiku Brands Company Ltd. (“Hiku”) to terminate the previously announced Arrangement Agreement, dated April 19, 2018 (“Arrangement Agreement”). In connection with the termination of the Arrangement Agreement, the Company has received a $10 million termination fee. WeedMD is also pleased to announce that it has appointed Keith Merker, currently Chief Financial Officer, to the position of Chief Executive Officer, effective immediately.