logo
Livestock Monitoring Market worth $2.57 Billion by 2031, at a CAGR of 7.7%

Livestock Monitoring Market worth $2.57 Billion by 2031, at a CAGR of 7.7%

Globe and Mail03-03-2025

"Livestock Monitoring Market"
The Global Livestock Monitoring Market in terms of revenue is estimated to be worth $1.65 billion in 2025 and is poised to reach $2.57 billion by 2031, growing at a CAGR of 7.7% during the forecast period.
The report " Livestock Monitoring Market by Smart Tags (Ear, Leg, Neck), Cameras, Sensors, Livestock Type (Cattle (Dairy, Beef), Poultry, Swine, Equine), Health Monitoring, Feeding Management, Milk Harvesting Management and Heat Detection - Global Forecast to 2031" The livestock monitoring industry is expected to reach USD 2.57 billion by 2031 from USD 1.65 billion in 2025 at a CAGR of 7.7%, from 2025 to 2031. The growth of the livestock monitoring industry is owing to the increasing demands for precision livestock farming and real-time tracking of health situations in dairy, poultry, swine, and equine farms. Major driving factors for growth in the market include the use of smart monitoring techniques, improving herd management conditions, enhancing animal productivity and animal welfare through sensor-based tracking, and the mounting need for diseases to be recognized and prevented at an early phase. Some of the major growth drivers are demand for RFID and GPS-enabled livestock tracking systems, AI-driven analytics for behavioral monitoring, IoT-cloud integration solutions, and government initiatives towards sustainable farming practices. Growth in connected agriculture, wearable livestock monitoring devices, and adoption of industry practices are also expansionary factors. As technology costs decrease, livestock monitoring solutions are becoming more accessible to a majority of livestock farming operations.
Download PDF Brochure @
Browse 243 market data Tables and 64 Figures spread through 271 Pages and in-depth TOC on "Livestock Monitoring Industry"
Feeding management segment to grow at the highest CAGR in livestock monitoring industry during the forecast period.
Feeding management is set to achieve the highest CAGR in the livestock monitoring industry. Precision farming and sustainable food production are forcing this demand. Advanced feeding solutions optimize livestock nutrition, minimize waste, and increase productivity by using real-time data to make automated adjustments. In dairy farming, feed intake directly impacts milk yield, necessitating precise nutrient composition. Systems like DeLaval's Optimat automate feed mixing and distribution, improving efficiency and herd health. Beyond dairy, precision feeding in swine and poultry farming enhances growth rates and reproductive performance. Automated systems monitor feed intake, avoiding inefficiencies and health hazards associated with overfeeding or underfeeding. Data-based information also enables farmers to identify early warning signs of nutritional deficiency or disease, allowing for proactive measures. Feed management solutions are turning into crucial tools for making animal production more sustainable, profitable, and healthier in view of increasing feed prices and consumer expectations regarding the ethical sourcing of animal products. Thus, the increasing adoption is going to unleash tremendous growth in this segment.
Cattle to account for the largest market share in livestock type segment during the forecast period.
Livestock monitoring is a rapidly expanding market, and the cattle segment (dairy and beef) is anticipated to account for the highest market share in the forecast period. It is mainly being driven by an increase in demand for efficient herd management, disease management, and productivity boosts in the dairy and meat industry. For dairy cattle, dairy cattle monitoring solutions optimize milk production, monitor reproductive cycles, and maintain overall herd well-being by tracking feeding habits and milk output. In beef cattle, monitoring weight gain, movement, and health is the key to enhancing the quality of meat, improving breeding efficiency, and optimizing profit. Advanced livestock monitoring technologies such as wearable sensors, GPS-enabled devices, and automated health systems enable farmers to track cattle in real time, enabling them to identify diseases early and enhance breeding cycles. The solutions also assist in traceability of the supply chain, guaranteeing food safety and compliance with regulations. As the industry shifts towards precision farming, livestock monitoring technologies are gaining prominence in enhancing productivity, efficiency, and sustainability in cattle farming.
Europe to account for largest market share during forecast period.
Europe is anticipated to hold the highest market share of the livestock monitoring industry due to enormous progress in agrotech and vast adoption across major regions like the UK, Germany, France, Denmark, Sweden, the Netherlands, and several others in Europe. The region is aided by a well-established agriculture sector, good infrastructure, and government support for sustainable farming practices. The Netherlands, Ireland, and Sweden are major markets in livestock monitoring technology, where major players such as Nedap N.V. (Netherlands), Connecterra (Netherlands), DeLaval (Sweden), Moocall (Ireland), and Dairymaster (Ireland) are leading technological advancements. Major trends in the region include the increasing installations of loT-based solutions for real-time monitoring of animal health, moving toward precision agriculture for optimal resource utilization, and increased focus on animal comfort and sustainability. In addition, regulatory systems that promote traceability and food safety are driving demand for livestock monitoring systems. Established players that also significantly support the market in the region are GEA Group (Germany), Datamars (Switzerland), Serket (Netherlands), Peacock Technology Ltd (Scotland), Hokofarm Group (Netherlands), Fullwood JOZ (Netherlands), smaXtec animal care GmbH (Austria), and CowManager (Netherlands).
The report profiles key players such as include Merck & Co., Inc. (US), GEA Group (Germany), DeLaval (Sweden), Nedap N.V. (Netherlands), Afimilk Ltd. (Israel), BouMatic (US), Datamars (Switzerland), ENGS Systems (Israel), CowManager (Netherlands), and Dairymaster (Ireland). These players have adopted various organic and inorganic growth strategies such as product launches, expansions, acquisitions, partnerships, collaborations, agreements, and investments.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mackenzie Investments Announces Final Proceeds Relating to the Termination of Mackenzie Global Sustainable Dividend Index ETF and Redemption of USD Units of Mackenzie US Large Cap Equity Index ETF
Mackenzie Investments Announces Final Proceeds Relating to the Termination of Mackenzie Global Sustainable Dividend Index ETF and Redemption of USD Units of Mackenzie US Large Cap Equity Index ETF

Cision Canada

time10 hours ago

  • Cision Canada

Mackenzie Investments Announces Final Proceeds Relating to the Termination of Mackenzie Global Sustainable Dividend Index ETF and Redemption of USD Units of Mackenzie US Large Cap Equity Index ETF

TORONTO, June 6, 2025 /CNW/ - Mackenzie Investments ("Mackenzie") today announced additional information regarding the termination and redemption of USD Units of the exchange traded funds ("ETFs") listed below, previously announced on March 14, 2025. The units of Mackenzie Global Sustainable Dividend Index ETF (TSX: MDVD and MDVD.U) and the USD units of Mackenzie US Large Cap Equity Index ETF (TSX: QUU.U) were delisted from the Toronto Stock Exchange on June 3, 2025. The proceeds from the liquidation of the assets, less all liabilities and expenses incurred in connection with the ETFs were determined on June 4, 2025 and are as follows: ETF Name TSX Symbol Redemption Proceeds per USD unit Mackenzie US Large Cap Equity Index ETF QUU.U 172.998396 (USD) Each unitholder will receive the Termination Proceeds and Redemption Proceeds on a pro rata basis as shown in the table above and no further action is required by unitholders. The Termination Proceeds and Redemption Proceeds will be paid out to CDS Clearing and Depository Services Inc. ("CDS") on or about June 9, 2025, which investors will receive thereafter based on individual brokerage processing times. For more information on the termination and redemption of USD units of the above ETFs, please see: Mackenzie Investments Announces Termination of Mackenzie Global Sustainable Dividend Index ETF and Redemption of USD Units of Mackenzie US Large Cap Equity Index ETF Further information about Mackenzie ETFs can be found at Commissions, management fees, brokerage fees and expenses all may be associated with Exchange Traded Funds. Please read the prospectus before investing. Exchange Traded Funds are not guaranteed, their values change frequently and past performance may not be repeated. The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an Exchange Traded Fund's performance, rate of return or yield. If distributions paid by the Exchange Traded Fund are greater than the performance of the Exchange Traded Fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an Exchange Traded Fund, and income and dividends earned by an Exchange Traded Fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero. About Mackenzie Investments Mackenzie Investments ("Mackenzie") is a Canadian investment management firm with approximately $213 billion in assets under management as of April 30, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), part of the Power Corporation group of companies and one of Canada's leading diversified wealth and asset management organizations with approximately $269 billion in total assets under management and advisement as of April 30, 2025. For more information, visit

HIGH LINER FOODS ACQUIRES LEADING U.S. BREADED AND BATTERED SEAFOOD BRANDS MRS. PAUL'S AND VAN DE KAMP'S FROM CONAGRA BRANDS, INC. FOR USD $55 MILLION
HIGH LINER FOODS ACQUIRES LEADING U.S. BREADED AND BATTERED SEAFOOD BRANDS MRS. PAUL'S AND VAN DE KAMP'S FROM CONAGRA BRANDS, INC. FOR USD $55 MILLION

Cision Canada

time10 hours ago

  • Cision Canada

HIGH LINER FOODS ACQUIRES LEADING U.S. BREADED AND BATTERED SEAFOOD BRANDS MRS. PAUL'S AND VAN DE KAMP'S FROM CONAGRA BRANDS, INC. FOR USD $55 MILLION

Transaction secures existing contract manufacturing business bringing incremental volume, margin, synergies and growth opportunities Estimated to deliver USD $11 million annual run rate Adjusted EBITDA 1 from 2027, inclusive of current contract margin, incremental contribution margin and net cost synergies, with potential for further growth Further diversifies the High Liner Foods portfolio adding market leading brands sourced from high quality Alaskan White Fish, produced in U.S. manufacturing facilities Positions High Liner Foods for scale in U.S retail with incremental sales opportunities afforded by complementary distribution profile and customer relationships (1) This is a non-IFRS financial measure. For more information on non-IFRS financial measures, see "Non-IFRS Financial Measures" in our Fourth Quarter 2024 Management's Discussion and Analysis ("4Q2024 MD&A"). LUNENBURG, NS, June 6, 2025 /CNW/ - High Liner Foods Incorporated (TSX: HLF) ("High Liner Foods" or "the Company"), a leading North American value-added frozen seafood company, today announced it has entered into a purchase agreement to acquire the Mrs. Paul's and Van de Kamp's brands of frozen breaded and battered fish products from Conagra Brands ("Conagra") for USD $55 million, inclusive of approximately USD $36 million in inventory. The purchase price is subject to a customary inventory adjustment. "This is a highly strategic and compelling opportunity for High Liner Foods that will serve as a catalyst for further growth in the U.S retail market," said Paul Jewer, President and Chief Executive Officer of High Liner Foods. "By taking full ownership of these well established and respected brands, we will capture additional value for our shareholders and ensure a seamless transition for existing customers. We look forward to offering choice and value to an expanded portfolio of customers and consumers in the growing U.S market." High Liner Foods currently co-manufactures products for Mrs. Paul's and Van de Kamp's brands at its U.S based manufacturing facilities, an average of 25 million pounds annually. Today's transaction secures the volume associated with the Company's current contract with Conagra which is due to expire in 2027. It is anticipated to increase High Liner Foods' annual volume from this business to a total of approximately 29 million pounds of fish procured, processed and sold in the U.S, aligned with the Company's strategy to continue to diversify its global supply chain. Before reaching the anticipated annual run rate of USD $11 million Adjusted EBITDA in 2027, which is inclusive of current contract margin, incremental contribution and synergies, the transaction is anticipated to generate incremental Adjusted EBITDA for 2026 of approximately USD $4 million on top of existing contract margins. The Company anticipates approximately 12 – 18 months of ramp-up time to realize synergies from across the Company's operations which are reflected, after transaction costs, in the estimated annual run rate from 2027 onwards. The transaction is expected to be slightly accretive to Adjusted EBITDA starting in the second half of 2025. Mrs. Paul's and Van de Kamp's are leading brands in the frozen breaded and battered category in U.S retail with high consumer awareness. High Liner Foods intends to leverage the brands' strong conversion metrics and brand equity to drive incremental sales of its diversified portfolio of branded and value-added retail products through an expanded distribution network and a significant national base of new retail customers. The Company will fund the transaction from its existing ABL facility. The transaction is expected to close at the end of June 2025, subject to customary closing conditions. Mr. Jewer concluded, "This strategic transaction is one example of the steps we are taking to position High Liner Foods for future growth, leveraging our healthy balance sheet today to secure profitable volume and incremental growth for years to come. We have a clear line of sight to significant synergies that will strengthen our performance over time through operational efficiencies and incremental sales opportunities." Advisors BMO Capital Markets acted as exclusive financial advisor to High Liner Foods in connection with the transaction. Goodwin Procter LLP served as legal counsel to High Liner Foods. Non-IFRS Measures The Company reports its financial results in accordance with International Financial Reporting Standards ("IFRS"). Included in this press release are the following non-IFRS financial measures: Adjusted EBITDA. The Company believes this non-IFRS financial measure provides useful information to both management and investors in measuring the financial performance and financial condition of the Company for the reasons outlined below. This measure does not have any standardized meaning as prescribed by IFRS and therefore may not be comparable to similarly titled measures presented by other publicly traded companies, nor should it be construed as an alternative to other financial measures determined in accordance with IFRS. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation and amortization adjusted for items that are not considered representative of ongoing operational activities of the business. We use Adjusted EBITDA as a performance measure as it approximates cash generated from operations before capital expenditures and changes in working capital, and it excludes the impact of expenses and recoveries associated with certain non-routine items that are not considered representative of the ongoing operational activities, as discussed above, and share-based compensation expense related to the Company's share price. We believe investors and analysts also use Adjusted EBITDA to evaluate the performance of our business. The most directly comparable IFRS measure to Adjusted EBITDA is "Net income" on the consolidated statements of income. Adjusted EBITDA is also useful when comparing to other companies, as it eliminates the differences in earnings that are due to how a company is financed. Also, for the purpose of certain covenants on our credit facilities, "EBITDA" is based on Adjusted EBITDA, with further adjustments as defined in the Company's credit agreements. For a reconciliation of Adjusted EBITDA to net income, refer to the Company's MD&A for the fifty-two weeks ended December 28, 2024 which is available on SEDAR+ at Forward Looking Statements This press release contains forward-looking information within the meaning of applicable securities laws, including, but not limited to, statements regarding the Company's acquisition of the Mrs. Paul's and Van de Kamp's brands and associated inventories, the expected timing for closing such acquisition, the anticipated benefits and synergies from such acquisition, the future financial and operational performance of the Company and the business to be acquired, including Adjusted EBITDA, financing of the acquisition, and the business strategies and operational activities of the Company and the markets and industries in which it operates. Forward-looking statements are based on information currently available to the Company and management's estimates, expectations and assumptions, which we believe are reasonable as of the current date but may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information include, but are not limited to: availability, demand and prices of raw materials, energy and supplies; expectations with regards to sales volume, earnings, product margins, product innovations, brand development and anticipated financial performance; the ability to develop new and innovative products that result in increased sales and market share; the maintenance of existing customer and supplier relationships; manufacturing facility efficiency; the ability of the Company to reduce operating and supply chain costs; the condition of the Canadian and American economies; product pricing; foreign exchange rates, especially the rate of exchange of the CAD to the USD; the ability to attract and retain customers; operating costs and improvement to operating efficiencies; interest rates; continued access to capital; the competitive environment and related market conditions; the ability of the Company to execute and integrate the acquisition; and the general assumption that none of the risks identified below will materialize. Forward-looking statements are also subject to risks and uncertainties, including, but not limited to, risks relating to the inability to successfully transition and integrate the business acquired following closing, the risk that the acquisition may not be completed in a timely manner or at all, risks related to a failure to obtain financing by the Company on acceptable terms, the potential failure to realize anticipated synergies and other benefits from the proposed transaction, customer risk, geopolitical and tariff risks, and uncertainty and adverse changes in general economic conditions and consumer spending habits. Actual results or events may differ materially from those expressed or implied by such forward-looking statements. Additional information about these and other assumptions, risks and uncertainties is included in the Company's securities regulatory filings, including under the headings "Risk Factors" and "Forward-Looking Information" in the Company's annual Management's Discussion & Analysis, which can be found under the Company's profile on SEDAR+ at Undue reliance should not be placed on this forward-looking information, which applies only as of the date hereof, and the Company does not undertake to update or revise any forward-looking information, whether as a result of any new information, future events or otherwise, except as may be required by applicable law. About High Liner Foods Incorporated High Liner Foods Incorporated is a leading North American processor and marketer of value-added frozen seafood. High Liner Foods' retail branded products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine, and Catch of the Day labels, and are available in most grocery and club stores. The Company also sells branded products to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood and FPI labels and is a major supplier of private label value-added seafood products to North American food retailers and foodservice distributors. High Liner Foods is a publicly traded Canadian company, trading under the symbol HLF on the Toronto Stock Exchange. For further information about the Company, please visit our website at or send an e-mail to [email protected]. SOURCE High Liner Foods Incorporated

H2 VENTURES 1 INC. ANNOUNCES QUALIFYING TRANSACTION WITH MAGNUS GREEN SOLAR LLC
H2 VENTURES 1 INC. ANNOUNCES QUALIFYING TRANSACTION WITH MAGNUS GREEN SOLAR LLC

Cision Canada

timea day ago

  • Cision Canada

H2 VENTURES 1 INC. ANNOUNCES QUALIFYING TRANSACTION WITH MAGNUS GREEN SOLAR LLC

VANCOUVER, BC, June 5, 2025 /CNW/ - H2 Ventures 1 Inc. (TSXV: HO.P) (" H2" or the " Company") is pleased to announce that it has entered into a binding term sheet dated May 30, 2025 (the " Term Sheet") with Magnus Green Solar LLC (" Magnus"), pursuant to which H2 and Magnus (each, a " Party" and collectively, the " Parties") have agreed to enter into a plan of arrangement, merger, amalgamation, share exchange and/or other similar transaction whereby H2 will acquire all of the issued and outstanding shares of Magnus (each, a " Magnus Share" and collectively, the " Magnus Shares")(the " Transaction"). The Transaction is subject to the approval of, inter alios, the TSX Venture Exchange (the " Exchange") and is intended to constitute the Qualifying Transaction (as such term is defined in the policies of the Exchange) of H2 in accordance with Policy 2.4 – Capital Pool Companies of the Exchange (" Policy 2.4") of the Exchange Corporate Finance Manual. The Transaction constitutes an arm's length transaction and therefore, as currently contemplated, will not require shareholder approval under Policy 2.4. However, in the event the Transaction is structured as an amalgamation or a plan of arrangement, shareholder approval may otherwise be required for corporate law reasons. The Parties intend to enter into a definitive agreement in respect of the Transaction (the "Definitive Agreement") on or prior to July 16, 2025 or as mutually agreed to by the Parties. In connection with the Transaction, if required, Magnus may raise up to USD$10,000,000 (the " Financing") on terms to be mutually agreed upon by the Parties. Further details of the proposed Financing, if applicable, will be disclosed in a subsequent press release. The Company, upon completion of the Transaction (" Closing"), is hereinafter referred to as the " Resulting Issuer". The Resulting Issuer is expected to carry on the current business of Magnus. Upon completion of the Transaction, it is anticipated that the Resulting Issuer will be listed as a Tier 2 Technology Issuer on the Exchange. No deposits or advances have or will be made to Magnus or H2 with respect to the Transaction. About Magnus Green Solar LLC Magnus is a private company existing as a Limited Liability Company – Single Owner (LLC – SO) in the United Arab Emirates (" UAE") and was incorporated on March 6, 2023. Magnus operates in the UAE under a license issued by the Department of Economy and Tourism of the Government of Dubai, as a solar module manufacturer in the United Arab Emirates and the only producer of both N-Type and P-Type panels in the region. Magnus operates a state-of-the-art manufacturing facility located in Dubai's National Industries Park and has a present production capacity of 600 megawatts. Magnus' highly automated production capabilities, combined with globally recognized certifications—including those from TUV SUD, Intertek, Dekra, and the California Energy Commission—underscore its commitment to product quality, energy efficiency, and environmental sustainability. Magnus serves residential, commercial, and utility-scale markets across high-demand regions such as the United States, the Middle East, and India. The current Control Person (as defined in the policies of the Exchange) of Magnus is Mr. Manan Tailor. Mr. Tailor currently holds all issued and outstanding Magnus Shares and is expected to become an Insider and Control Person (as such terms are defined in the policies of the Exchange) of the Resulting Issuer. For its most recently completed year-end of December 31, 2024, Magnus generated CAD$28,581,534.72 (76,392,726 United Arab Emirates Dirham (" AED")) in total revenue, resulting in gross profits of CAD$6,423,537.86 (17,168,832 AED) and net profits of CAD$3,926,432.58 (10,494,569 AED) for the fiscal year. As at December 31, 2024, Magnus had a total assets value of CAD$25,317,016.99 (67,667,323 AED) and a total liabilities value of CAD$13,507,612.24 (36,103,146 AED). The foregoing amounts are audited and determined in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. For the three-months period ended March 31, 2025, Magnus generated CAD$16,047,530.68 (42,891,840 AED) in total revenue, resulting in gross profits of CAD$3,011,441.19 (8,048,980 AED) and net profits of CAD$2,508,577.15 (6,704,925 AED) for the three-month period. As at March 31, 2025, Magnus had a total assets value of CAD$29,274,980.17 (78,246,167 AED) and a total liabilities value of CAD$15,735,381.25 (42,057,527 AED). The foregoing amounts provided for the three-month period ended March 31, 2025 are auditor reviewed in accordance with the International Standards on Review Engagements 2410, Review of interim financial information performed by the Independent Auditor of the Entity. All Canadian dollar figures presented herein are calculated based on the exchange rate for May 30, 2025 of CAD$1.00 = 2.6728 AED. Summary of the Transaction Whereas the Term Sheet sets out the general terms of the Transaction as currently contemplated by the Parties, the Parties will negotiate in good faith to enter into the Definitive Agreement on or before July 16, 2025 or as mutually agreed to by the Parties. Pursuant to the terms and conditions of the Term Sheet, H2 will acquire all of the issued and outstanding shares of Magnus (each, a " Magnus Share" and collectively, the " Magnus Shares") in exchange for common shares in the capital of H2 (each, a " Consideration Share" and, collectively, the " Consideration Shares") at an exchange ratio of approximately 2,071,154.1 Consideration Shares for each Magnus Share held, resulting in the issuance of approximately 517,788,526 Consideration Shares issued to holders of Magnus Shares. Holders of Magnus Shares, on a fully diluted basis, will receive Consideration Shares representing approximately 85.45% of the Resulting Issuer, on a fully diluted basis, prior to giving effect to the Financing (if applicable). The Consideration Shares may be subject to escrow restrictions pursuant to the policies of the Exchange and other statutory hold periods as required pursuant to applicable securities laws. The Transaction will be completed pursuant to, and in accordance with, corporate law requirements and available exemptions under applicable securities legislation. The completion of the Transaction is subject to the satisfaction of various conditions as are standard for a transaction of this nature, including but not limited to: (i) receipt of all necessary consents, waivers, permissions and approvals for the Transaction, including the approval of the Exchange; (ii) each of the Parties completing their respective due diligence of the other Party's business assets and liabilities; (iii) H2 having a minimum of $5,000,000 in treasury, less any fees or expenses incurred prior to Closing; (iv) Magnus having no unapproved debt and all accounts payable being agreed upon by the Parties prior to Closing; (v) H2 having 66,200,000 common shares in the capital of H2 (" Common Shares") issued and outstanding, of which 5,000,000 Common Shares will be subject to applicable escrow requirements in accordance with Exchange policies; (vi) changes to restrictions on Resulting Issuer shares held in escrow being made upon approval of the Board (as defined below); (vii) Magnus providing H2 with audited financial statements as are required for the Qualifying Transaction; (viii) if required, Magnus providing H2 with a formal valuation acceptable to the Exchange; (ix) the Parties working with their respective legal, audit and corporate advisors to agree on a structure related to the existing capital dividend account for the benefit of Magnus shareholders; and * Magnus and H2 agreeing to pursue a name and ticker symbol change following Closing. Pursuant to the terms and conditions of the Term Sheet, the Parties are subject to certain interim obligations, including but not limited to: (i) each Party and their respective directors, officers or principals immediately ceasing and causing to be terminated any solicitation, encouragement, activity, discussion and negotiation with any third parties that may be ongoing with respect to any transaction involving the sale, exchange or other disposition of the issued and outstanding Magnus Shares or any portion thereof; (ii) none of the Magnus shareholders selling, transferring or assigning its Magnus Shares or granting an interest to acquire such Magnus Shares; and (iii) each Party conducting its business in a diligent manner consistent with past practices and without making any material change adverse to its business operations and policies. The Parties will be responsible for all expenses each Party respectively incurs in connection with the Transaction. No Party will be entitled to reimbursement for any such expenses, whether or not the Transactions is completed. Additionally, a break fee of USD$250,000 (the " Break Fee") will be payable to the other Party, plus expenses incurred to date should one Party electively not proceed with the Transaction. The Break Fee will not be payable if the Transaction cannot be completed for regulatory reasons. Directors and Officers of the Resulting Issuer The Board of Directors (the " Board") of the Resulting Issuer will be comprised of five (5) directors. Two (2) of the directors will be nominated by H2 and three (3) of the directors will be nominated by Magnus. Additionally, the Board will create an advisory board, of which two (2) advisory board members will be nominated by H2. Further information regarding the directors and officers, including names and biographies thereof, will be provided in a subsequent press release. Finder's Fee As currently contemplated, at Closing, Mr. Ashik Karim (the " Finder") will be paid a finder's fee (the " Finder's Fee") in the amount of approximately 21,096,895 Common Shares issued at a deemed price of US$0.1487 per Common Share, in connection with the Transaction. The Finder's Fee is subject to Exchange acceptance in accordance with the policies of the Exchange. Sponsorship Sponsorship of a Qualifying Transaction of a Capital Pool Company is required by the Exchange unless an exemption from such requirement is available in accordance with the policies of the Exchange. H2 intends to apply to the Exchange for a waiver from the sponsorship requirements. There is no assurance that H2 will be able to obtain such a waiver. Trading Halt In accordance with the policies of the Exchange, the Common Shares have been halted from trading, and such trading halt is expected to remain in place until such time as the Exchange determines, which, depending on the policies of the Exchange, may not occur until completion of the Transaction. Additional Information Further particulars relating to the Transaction, including further particulars of the Resulting Issuer and the Financing, will be provided in a subsequent press release, which will be made available under H2's issuer profile on SEDAR+ at in accordance with the policies of the Exchange. Notwithstanding the foregoing, further information concerning the Transaction will be provided in the requisite disclosure document to be filed under H2's issuer profile on SEDAR+ at All information contained in this press release with respect to H2 and Magnus was supplied, for inclusion herein, by the respective Parties and each Party and its directors and officers have relied on the other Party for any information concerning the other Party. Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. ABOUT H2 VENTURES 1 INC. H2 is a Capital Pool Company within the meaning of Policy 2.4. H2 has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the Policy 2.4, until the completion of its Qualifying Transaction, the Company will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed Qualifying Transaction. FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements. Words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, are intended to identify forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations regarding the future, including, but not limited to, H2's completion of the Transaction and related transactions, H2 entering into the Definitive Agreement, the Financing, payment of the Finder's Fee, and the conditions to be satisfied for the completion of the Transaction. Such statements are not guarantees of future performance. They are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of H2. Such factors include, among other things: the Parties may not enter into the Definitive Agreement; the requisite corporate approvals of the directors and shareholders of the Parties may not be obtained; the Exchange may not approve the Transaction; the Exchange may not approve the Finder's Fee; sufficient funds may not be raised pursuant to the Financing; and other risks that are customary to transactions of this nature. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits H2 will obtain from them. Except as required under applicable securities legislation, H2 undertakes no obligation to publicly update or revise forward-looking information. SOURCE H2 Ventures 1 Inc.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store