PURA to Merge with NCM Biotech and Kali-Extracts in Cannabis Cultivation Spinoff.
MANews-(C)2009-2020
Texas, US-based Puration, Inc. (USOTC: PURA) has plans to merge transaction to merge its cannabis cultivation operation with Nouveau (USOTC: NOUV) and Kali-Extracts (USOTC: KALY) NCM Biotech subsidiary, the company said.
Terms of the transaction were not disclosed.
The planned merger transaction includes resolving the delayed issue of a dividend to PURA shareholders intended from the original cannabis cultivation spinoff.
The terms of the planned merger transaction between PURA's cannabis cultivation operation and NCM Biotech includes a planned issue of dividends to PURA shareholders.
The transaction will take place in several separate steps. First, PURA will unwind its spinoff transaction with NOUV.
Immediately following the unwind, PURA will exchange the cannabis cultivation operation for common stock in another over the counter, current information public company currently...
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