Venture Market News for September 21, 2018
- Scythian Biosciences Closes Acquisition of MMJ International Investments Inc.
Closing of Argentine Acquisition is Key Benchmark in Finalization of Previously Announced $193 Million Sale of Assets in Latin America, Which as of Prior Day Close was Valued At Approximately $313 Million
Scythian Appoints Andy DeFrancesco as Chairman
TORONTO, Sept. 21, 2018 (GLOBE NEWSWIRE) — Scythian Biosciences Corp. (the “Company” or “Scythian”) (CSE:SCYB) (Frankfurt: 9SB) (OTC – Nasdaq Intl: SCCYF) has completed its acquisition of MMJ International Investments Inc. (“MMJ International”), a privately-held British Columbia company that owns 100% of ABP S.A. (“ABP”), a pharmaceutical import and distribution company with a license to import, sell and distribute medical products and derivatives in Argentina (the “Acquisition”). ABP also holds a license to import cannabidiol oil into Argentina.
- Novo Closes Recent Transactions
VANCOUVER, British Columbia, Sept. 21, 2018 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has finalised the transaction with Pioneer Resources Limited (“Pioneer”) as described in the Company’s news release dated September 17, 2018. Completion of the transaction was subsect to TSX Venture Exchange approval which has been obtained.
- Aleafia Added to Leading Cannabis ETF After Surge in Business Performance
Horizons Marijuana Life Sciences ETF has $1.1B Invested in Cannabis Sector
TORONTO, Sept. 21, 2018 (GLOBE NEWSWIRE) — Aleafia Health Inc. (TSXV: ALEF; OTCQX: ALEAF, FRA: ARAH) (“Aleafia“) or (the “Company“), one of Canada’s leading, vertically integrated cannabis companies, is announcing that it has been added to the Horizons Marijuana Life Sciences ETF (HMMJ:TSX).
- MassRoots Expanding Technology Offerings to Regulated Dispensaries in California
LOS ANGELES, Sept. 21, 2018 /PRNewswire/ — MassRoots, Inc. (“MassRoots” or the “Company”) (OTCQB:MSRT), one of the leading technology platforms for the regulated cannabis industry, is pleased to announce it is expanding its paid offerings to licensed dispensaries in the Californian market to enable them to more effectively offer time-limited deals to consumers. According to New Frontier Financial, the regulated cannabis market in California is one of the largest and most rapidly growing in the world, estimated to generate $3.09 billion in cannabis sales by 2020.
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