Launches WAGNERS brand with new cultivars and SKUs MYM shareholder meeting set for July 5, 2021 Substantially completes loan portfolio run-off and realizes a 24% IRR TORONTO, ON and GLIL YAM, ISRAEL
NA Proactive news snapshot: Silvercorp Metals, LexaGene Holdings, Marble Financial, KULR Technology, PlantX Life UPDATE .
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Silvercorp Metals Inc (TSE:SVM) (NYSEAMERICAN:SVM) revealed a batch of new drill results from its 2021 exploration program at the TLP mine in the Ying Mining District of China. Drilling intersected 1.74 metres (m) of 3,911 grams per tonne (g/t) silver (Ag), 6.22% lead (Pb), 2.11% zinc (Zn) and 0.55% copper (Cu), according to a release. Those figures are true width, Silvercorp noted. Vancouver-based Silvercorp has sunk a total of 196 diamond drill holes, including 161 underground and 35 surface, at the TLP mine – 108 of which have intercepted mineralization.
Heritage Cannabis acquires recreational cannabis group Bloom Brands
The company said the merger will provide it with an immediate market footprint in California, New Mexico, Oklahoma, Washington, Nevada, and Arizona Bloom will receive around US$15 million in Heritage shares as part of the deal
Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) (FRA:2UE) said it has signed a non-binding letter of intent to purchase California-based Bloom Brands, a collection of recreational cannabis brands.
Under the terms of the agreement, Bloom will receive around US$15 million in Heritage shares in two tranches, one of US $7.5 million in shares at a deemed value of C$0.14 each followed by a second tranche of shares six months after closing at a deemed value of either C$0.16 per share, or a 15% discount to the 15-day volume-weighted average price, whichever is greater.