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Emblemsigns letter of intent to acquire Natura Naturals

Jul. 26, 2018 7:26 AM ETEmblem Corp. (EMMBF) StockBy: Niloofer Shaikh, SA News Editor2 Comments
  • Emblem (OTCQX:EMMBF) has signed a non-binding Letter of Intent to acquire all of the issued and outstanding securities in Natura Naturals Inc. for $25M in cash, $12.M in mortgage financing and 26,102,941 common shares of Emblem.
  • The entering into of the LOI follows Emblem’s recently announced $3M equity investment in Natura and the entering into of a 3,000 kg per year supply agreement.
  • The Transaction is expected to close in Q3.
  • The company has made the decision to suspend greenhouse construction plans at their Paris Road location.

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