Simply Solventless to acquire CannMart from Lifeist Wellness (TSXV:HASH:CA)

  • Simply Solventless Concentrates (TSXV:HASH:CA) on Tuesday entered into an agreement with Lifeist Wellness (LFST:CA) for the acquisition of its unit CannMart for $500k in cash, among others.
  • The company announced a services agreement in respect of the operations of CannMart.
  • SSC also signed a non-brokered private placement of up to 14 million units for $0.25/unit for gross proceeds of up to $3.5M.
  • Each unit consists of one common share and one-half of one common share purchase warrant of SSC. 
  • Source: Press Release