Cannabis and hemp branded goods company, called Plus Products publicized the completion of a non-dilutive share exchange transaction. Under the new share exchange transaction, “existing shareholder of the Company exchanged 75,500 Common Shares for 15,100,000 newly created Class B Common Shares, on the basis of 200 Class B Subordinate Voting Shares for each Common Share”. The Transaction was designed to help maintain the Company’s position as a “foreign private issuer” under the Securities Exchange Act of 1934.
– New Cannabis Ventures, Published Ncv Newswire, 06/29/2020 3:27:11 PM
Open article: https://www.newcannabisventures.com/plus-products-announces-completion-of-non-dilutive-share-exchange-and-update-to-share-structure/