Deal Snapshot
HALO TO ACQUIRE CANNPOS SERVICES FOR CDN 4.69M IN SHARES DEAL
Wednesday 09 October 2019

Canada-based cannabis company Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) (Germany: A9KN) has agreed to acquire all of the common shares of Canada-based software company Cannpos Services Corp. for CDN 4.69m (USD 3.52m) in Halo common shares at a deemed price of CDN 0.26 (USD 0.195) per share; and 1.25m performance warrants, the company said.
The acquisition is expected to be completed through a three-cornered amalgamation whereby Halo will acquire 100% of Cannpos' outstanding common shares from its shareholders in exchange for 18,035,714 Halo common shares and 1.25m performance warrants.


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Details
Date Published: 09/10/2019
Target: Cannpos Services Corp
Country: Canada
Deal Size: 3.52m (USD)
Sector: Computer Software
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: Halo Labs Inc
Comment:
Terms of the deal were not disclosed

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