Simply Solventless Concentrates Ltd. (TSXV:HASH) is acquiringLifeist Wellness Inc.'s (TSXV:LFST) (FRANKFURT: M5B) (OTC:LFSWF) subsidiaryCannMart Inc.
What Happened
The Calgary, Alberta-based company said on Wednesday that it has entered into a services agreement regarding the operations of CannMart and a share purchase agreement with Lifeist Wellness Inc. to acquire all of the shares of CannMart.
See also: Canadian Company Lifeist Says Farewell To Cannabis Business Unit, Turns To Nutraceuticals
Key termsof the services agreement are as follows:
- SCC will receive the benefit of 100% of CannMart's revenue, less a service fee of 10% of net...
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