Claritas Pharmaceuticals Inc V.CLAS.H

GVHD

[PTBailey]

Not sure why we are still talking about GVHD here. It has been taken off life support, pronounced dead, we have had the wake, the funeral is over and its about to be buried.

June 1, 2021

SAN FRANCISCO, CA and TORONTO, ON  — (June 1, 2021) – Claritas Pharmaceuticals, Inc. (TSX VENTURE EXCHANGE: CLAS and OTC: KALTF) (the “Company” or “Claritas“) today announced that it has entered  into an agreement (the “Debt Forgiveness Agreement”) with the former shareholders of Talent Biotechs Ltd. (the “Talent Shareholders”), under which Claritas will  transfer all assets of its program developing cannabidiol for the prevention and treatment of graft versus host disease (the “GVHD Program”) to the Talent Shareholders in exchange for forgiveness of debt and contingent liabilities. 

But then denial and anger are first steps in the grieving process so maybe this is normal.