PERTH: MGC Pharmaceuticals Ltd, a European based bio-pharma company has signed a binding term sheet with Cannvalate Pty Ltd (CVL) to acquire 100% of the operating clinic based assets, data and intellectual property of its wholly owned subsidiary Medicinal Cannabis Clinic Pty Ltd, a news release said. Consideration due for the acquisition upon completion of…
Tag: Acquire
The word “acquire” is a verb that means to buy or obtain something for oneself, learn or develop a skill, or come to have something as a result of one’s behavior or activities.
National Tyre & Wheel Limited to acquire TYRES 4U in Australia and New Zealand for $48.8 million
SYDNEY: National Tyre & Wheel Limited has entered into a conditional agreement to acquire the business assets of TYRES 4U (T4U) in Australia and New Zealand, a news release said. The acquisition is expected to be completed on or about 31 July 2020. The consideration payable for these assets is estimated to be $48.8 million,…
Malachite to acquire Sunshine Minerals Solomon Islands Nickel
PERTH: Malachite Resources Limited has signed a Term Sheet to acquire the remaining 85% interest in Sunshine Mineral Limited that it does not already own. Malachite has previously acquired 15% of Sunshine Minerals Limited, a private company incorporated in the Solomon Islands. Sunshine owns 80% of Sunshine Nickel which holds PL 01/18 located on the…
Teaminvest Private Group Limited agrees to acquire Automation Group Investments
PERTH: Teaminvest Private Group Limited announced that it has agreed to acquire 100% of the shares in Automation Group Investments Pty Ltd for an initial purchase price of approximately $2.66m; plus a deferred payment based on a percentage of revenue generated under a key contract for FY20 and FY21, payable after completion of the FY21…
Uber acquires food-delivery service Postmates for $2.65 billion in stock
NEW YORK: Uber has announced to have bought food-delivery service Postmates for $2.65 billion in stock. Uber is banking on food delivery to help sustain its business during the coronavirus pandemic, as demand for ride-sharing has plunged. In its first-quarter earnings call, Uber said that gross bookings revenue for its Rides segment was down 80% in…
Gresham House acquires 41MW Bloxwich battery storage project from Arenko Group
LONDON: Gresham House Energy Storage Fund, Great Britain’s largest operational battery storage fund, announced that it has completed the acquisition of a 41MW operational energy storage facility known as Bloxwich from a group of investors led by Arenko Cleantech. This project was previously disclosed by GRID as the ‘Potential Acquisition’. The acquisition increases the total…
Australis Capital to acquire Passport Technology in an over $22 million deal
TORONTO: Australis Capital Inc. (AUSA) has entered into an agreement to acquire Passport Technology Inc., leveraging Passport’s international footprint in brick and mortar casinos with AUSA’s Cocoon Technology serving cannabis dispensaries in North America and AUSA’s Paytron Merchant Services. In connection with and contingent on completion of the Passport Acquisition, AUSA also announces a non-brokered…
Liberty Leaf to acquire Nova Mentis Biotech Corp by way of share exchange
VANCOUVER: Liberty Leaf Holdings Ltd. (LIB) has entered into an agreement with Nova Mentis Biotech Corp. (NOVA), pursuant to which LIB will acquire, by way of share exchange, 100 per cent of all of the issued and outstanding securities of NOVA. Pursuant to the Agreement, LIB will acquire 100 per cent of the issued and…
Caribbean Investment Holdings signs agreement to acquire Scotiabank’s Belize banking operations
TORTOLA: Caribbean Investment Holdings Limited has reached an agreement for the purchase of Scotiabank (Belize) Ltd. (SBL) from Scotiabank Caribbean Holdings Ltd., for an initial purchase price of up to US$30.5 million. Scotiabank Caribbean Holdings is a subsidiary of The Bank of Nova Scotia (BNS). The acquisition is subject to regulatory approval and customary closing…
Carlisle Companies announces the termination of its acquisition of Draka Fileca
SCOTTSDALE: Carlisle Companies Incorporated announced the termination of its previously announced agreement to acquire Draka Fileca SAS from Prysmian SpA. Chris Koch, Chairman and Chief Executive Officer, said “While we were enthusiastic about completing the transaction, unfortunately, the COVID-19 pandemic contributed to the delay in timely receiving the necessary regulatory approval. While disappointed, we remain…
FCPT acquires Big O Tires property for $2.7 million
MILL VALLEY: Four Corners Property Trust (FCPT), a real estate investment trust, announced the acquisition of a corporate-operated Big O Tires property for $2.7 million. The lease is guaranteed by TBC Corporation, one of the largest independent tire retailers in the U.S. TBC operates or franchises 2,383 retail locations across its various brands, which include…
BevCanna signs definitive agreement to acquire Exceler Holdings
VANCOUVER: Emerging leader in infused cannabis beverages, BevCanna Enterprises Inc., has entered into a definitive share exchange agreement with Exceler Holdings Ltd, an arm’s length private British Columbia corporation. The agreement with Exceler will provide BevCanna with access to Exceler’s significant number of distribution points across Europe and Asia as BevCanna launches its CBD beverage…