Investor Presentation- MMJ Brands to List on TSX-V via RTO
Perth, Sep 28, 2016 AEST (ABN Newswire) - MMJ PhytoTech Ltd (
ASX:MMJ) is pleased to provide the latest Investor Presentation regarding MMJ Brands to List on TSX-V via RTO.
Executive Summary
MMJ PhytoTech Ltd ('MMJ' or the 'Company') to list Canadia subsidiary United Greeneries ('UG') together with Swiss subsidiary Satipharm ('SAT') on the TSX Venture Exchange ('TSX-V') (the "Transaction")
The new TSX-V listed entity ('TSR') is expected to unlock significant value by providing MMJ shareholders strategic exposure to the rapidly growing Canadian cannabis markets and robust demand for cannabis-focused equities.
Transaction to be completed via $40M Reverse Takeover ('RTO') of TSX-V listed Top Strike Resources (TSX-V:TSR) ('TSR'):
- MMJ to vend UG and SAT into TSR in exchange for $37.5M in TSR equity and $2.5M cash ($40M total consideration).
- TSR to undertake concurrent equity financing of at least $15M ($2.5M of which will be paid to MMJ as partial consideration).
- TSR to undergo 6:1 share consolidation and rebranding forming yet-to-be named Can HoldCo.
Post Transaction, MMJ will have significant ownership in two well-financed, growth-oriented, streamlined cannabis-focused companies:
- ~69% of TSR: TSX-V listed cannabis and cannabis-based products company focused on supplying Canadian and international medical and recreational cannabis markets through two distinct operatin brands:
-- United Greeneries: Canadian Licensed Producer with focus on large scale horticultural operations for the upcoming Canadian recreational cannabis market.
-- Satipharm: International medical cannabis brand with focus on oral delivery technologies for strategic entry in emerging medical cannabis markets and the existing medical cannabis market in Canada.
- 100% of Phytotech Therapeutics ('PTL'): private Israeli pure play biopharmaceutical company focused on developing and commercializing cannabis-based therapeutics by leveraging unique medical cannabis supply chain secured by strategic long-term arrangements between UG, SAT and PTL.
To view the presentation, please visit:
http://abnnewswire.net/lnk/3Z8CVZR7
About MMJ Group Holdings Ltd
MMJ Group Holdings Ltd (ASX:MMJ) is a global cannabis investment company. MMJ owns a portfolio of minority investments and aims to invest across the full range of emerging cannabis-related sectors including healthcare, technology, infrastructure, logistics, processing, cultivation, equipment and retail. For MMJ's latest investor presentation and news, please visit: https://www.mmjphytotech.com.au/investors/
| ||
|
