02:34:39 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Emerald Health Therapeutics Inc
Symbol EMH
Shares Issued 143,924,536
Close 2019-04-30 C$ 3.92
Market Cap C$ 564,184,181
Recent Sedar Documents

Emerald Health to issue shares to Verdelite vendors

2019-05-01 08:35 ET - News Release

Mr. Rob Hill reports

EMERALD TO ISSUE SHARES IN LIEU OF CASH DUE UNDER FOR VERDELITE ACQUISITION

The vendors of Verdelite Sciences Inc. and Verdelite Property Holdings Inc. have elected to receive $7.5-million of the $22.5-million they were to receive as the final payment for their shares of Verdelite in shares of Emerald Health Therapeutics Inc. valued on the five-day volume-weighted average price of the common shares of Emerald on the TSX Venture Exchange, discounted 10 per cent, calculated as of April 30, 2019. See the company's news release dated May 2, 2018, for more details on the Verdelite acquisition. Emerald is to pay the remaining $15-million of the purchase price to the vendors on or before May 30, 2019.

Issuance of the shares is subject to approval from the TSX Venture Exchange. The shares will be subject to a hold period of four months and one day.

About Emerald Health Therapeutics Inc.

Emerald Health Therapeutics is a Canadian licensed producer of cannabis.

We seek Safe Harbor.

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