Sign In   Register

Cannabis and Hemp Industry Investment News

Cannabis Industry Press Releases and News Articles from the best investment journalist in the industry. Stay updated on all cannabis investment news from every online source, on MjInvest.com

Rainmaker Resources expects to complete reverse takeover of Indiva Corp on December 8

1 minute reading time (245 words)

The firm expects to change its name from Rainmaker Resources Ltd to Indiva Ltd.

The RTO is expected to be competed on December 8

Inc () says its reverse takeover of Indiva Corp, which is a licensed medical cannabis producer, is expected to be completed on December 8 this year.

At the time of closing, the net proceeds of the subscription financing previously announced in June and August this year are expected to be released to the  firm from escrow.

Just before that, the firm expects to complete a share consolidation and change its name from Rainmaker Resources Ltd to Indiva Ltd.

"We are very pleased to have exceeded our goal of raising $15-million with these two concurrent financings and to now be in a position to move forward with the expansion of our London facility to 40,000 square feet," said Niel Marotta, chief executive of Indiva in the regulatory statement.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of INDIVA Ltd named herein, including the promotion by the Company of INDIVA Ltd in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Related Posts


MjInvest.com