Canada House And MTL Cannabis Enter Into Second Restated Share Exchange Agreement
Portfolio Pulse from Vuk Zdinjak
Canada House Cannabis Group Inc. (CSE:CHV) and Montréal Cannabis Médical Inc. (MTL Cannabis) have entered into a second restated share exchange agreement. This agreement is for the completion of the second tranche of Canada House's acquisition of all issued and outstanding shares of MTL Cannabis. The transaction constitutes a 'reverse takeover' of the company, and upon completion, the company will change its legal name to MTL Cannabis Corp., with its common shares to trade on the CSE under the ticker symbol 'MTLC'.
July 11, 2023 | 12:54 pm
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Canada House Cannabis Group is undergoing a 'reverse takeover' by MTL Cannabis. Upon completion, the company will be renamed MTL Cannabis Corp. and trade under the ticker 'MTLC'.
The news of a 'reverse takeover' is significant for Canada House Cannabis Group. The company's renaming and ticker change could potentially impact investor sentiment and the stock's performance. However, the exact impact is uncertain and depends on various factors, including market reaction to the takeover and the future performance of MTL Cannabis Corp.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100