Mr. Ron Ozols reports
EVITRADE CLOSES CANNABIS RELATED ASSETS IN ESCROW
Evitrade Health Systems Corp. has closed on all hemp and cannabis assets related for the C&C Cosmeceuticals Corp. subsidiary in escrow as of Friday, April 7, 2017. The company has issued 3.5 million shares for the cannabidiol plant oils extraction company; the shares are restricted for a minimum of four months plus a day as they are subject to Canadian securities regulations, exchange and any other required approvals.
The company can now proceed with the plan of arrangement as approved. The proposed dividend record date for receiving shares in the C&C Cosmeceuticals subsidiary is currently set for Monday, April 24, 2017, which means that the company would trade ex dividend on Thursday, April 20, 2017. The share exchange or payout ratio as previously announced will be on a 1:1 basis for all shareholders who have acquired shares in the company before Thursday, April 20, 2017, to receive shares in the C&C Cosmeceuticals subsidiary. A final bulletin will be released confirming all details prior to Thursday, April 20, 2017.
About Evitrade Health Systems Corp.
Evitrade provides on-line digital health care services for resolving common health problems. The current markets are weight loss, high blood pressure, high blood glucose and heart arrhythmia.
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