Arrangement Agreement Between CanadaBis Capital and Simply Solventless Inc. Terminated
CALGARY, AB, April 28, 2025 /CNW/ - CanadaBis Capital Inc. ("CanadaBis" or "Stigma Grow") (TSXV: CANB) today announces that CanadaBis has terminated the Arrangement Agreement (as defined below) with Simply Solventless Concentrates Ltd. (TSXV: HASH) (OTC:SSCLCF)("SSC") effective immediately.
On March 11, 2025, CanadaBis entered into an Arrangement Agreement with SSC pursuant to which SSC was to acquire all of the issued and outstanding common shares of CanadaBis by way of a court approved plan of arrangement under the Business Corporations Act (Alberta) (the " Transaction").
Recent information constitutes an "SCC Material Adverse Change" under the terms of the Arrangement Agreement and management believes it's in the best interest of the Shareholders and stakeholders of CanadaBis to terminate the Arrangement Agreement. As such CanadaBis has communicated with SSC that it does not intend to proceed with the Arrangement at this time.
A number of individuals had entered into voting and support agreements pursuant to which they have agreed, subject to the terms thereof, to support and vote all of their Shares in favour of the Transaction. All these voting and support agreements terminate automatically upon termination of the Arrangement Agreement.
Special Meeting of CanadaBis Shareholders
The special meeting of shareholders of CanadaBis has been cancelled.
ABOUT CANADABIS CAPITAL LTD.
CanadaBis Capital Inc. is a public CanadaBis (TSXV: CANB) is a vertically integrated Canadian cannabis CanadaBis focused on achieving large-scale growth in the global cannabis market – with specific attention paid to supplying the fast-emerging concentrates category through their Stigma Grow cultivation and BHO extraction facility.
For more information regarding CanadaBis, please see www.canadabis.com and www.stigmagrow.ca.
SOURCE CanadaBis Capital Inc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Canada Standard
9 minutes ago
- Canada Standard
"Concluding a productive Canada visit": PM Modi departs for Croatia
Kananaskis [Canada], June 18 (ANI): Prime Minister Narendra Modi concluded his visit to Canada, where he participated in the G7 Summit and departed for Croatia. During his visit, PM Modi expressed gratitude to the people and government of Canada for hosting a successful G7 Summit and underscored how India remains committed to the cause of global peace, prosperity and security. In a post on X, PM Modi wrote, 'Concluding a productive Canada visit. Thankful to the Canadian people and Government for hosting a successful G7 Summit, which witnessed fruitful discussions on diverse global issues. We remain committed to furthering global peace, prosperity and sustainability.' The Ministry of External Affairs (MEA) also highlighted the significance of the visit in a post on X, stating, 'PM @narendramodi concludes a very productive visit to Canada! Held fruitful dialogue on key issues in the global context of energy security, technology, and innovation at the @G7 Summit. Met with several leaders & discussed bilateral ties. Next stop- Croatia' Prime Minister Narendra Modi had arrived at the Pomeroy Kananaskis Mountain Lodge in Canada on Tuesday to attend the G7 Summit. Canadian Prime Minister Mark Carney received PM Modi as he arrived at the summit venue in Kananaskis, Alberta. In a series of high-level meetings held on the sidelines of the G7 Summit in Canada, PM Modi highlighted India's efforts to strengthen global partnerships and champion the cause of the Global South. He held discussions with Ursula von der Leyen, President of the European Commission. Antonio Costa, President of the European Council. Building on these interactions, PM Modi emphasised solidarity with the Global South after meetings with leaders from Brazil and South Africa. He described 'outstanding conversations' with President Cyril Ramaphosa of South Africa and President Luiz Inacio Lula da Silva of Brazil, reaffirming their shared commitment to addressing issues vital to the Global South and working towards a better future for coming generations. Alongside these engagements, Prime Minister Narendra Modi also held insightful deliberations with Prime Minister Shigeru Ishiba of Japan on the sidelines of the G7 Summit in Canada. (ANI)
Canada Standard
10 minutes ago
- Canada Standard
"Calibrated steps to restore stability": Foreign Secy Vikram Misri on improving India-Canada ties
Kananaskis [Canada], June 18 (ANI): In a significant development, India and Canada have taken steps to restore stability to their bilateral relationship. According to Foreign Secretary Vikram Misri, the two Prime Ministers agreed to take calibrated steps to improve ties, starting with the restoration of High Commissioners to each other's capitals. 'The Prime Ministers agreed to take calibrated steps to restore stability to this very important relationship and the first of these steps that was agreed on was to restore High Commissioners to each other's capitals at an early date. Other diplomatic steps will follow in due course,' said Misri. Prime Minister Narendra Modi and Canadian Prime Minister Justin Trudeau held a key meeting on the sidelines of the G7 Summit in Kananaskis, Canada, focused on restoring and strengthening bilateral ties, the Ministry of External Affairs said. India and Canada also agreed to resume senior and working-level mechanisms and discussions in various areas, including: trade, people-to-people contact, connectivity and collaboration in key areas like, cooperating on clean energy and technology initiatives, collaborating on digital infrastructure projects, exploring opportunities for cooperation in artificial intelligence and discussing potential collaboration on food security and critical minerals. Misri added, 'The two Prime Ministers also agreed to resume senior and working level mechanisms and discussions in a host of areas related to trade, people-to-people contact and connectivity. All of them intended to bring greater momentum to the relationship. The two leaders also discussed potential collaboration in a host of issues related to clean energy, clean technology, digital infrastructure, artificial intelligence, food security, critical minerals and supply chains.' Addressing the ongoing trade negotiations, Foreign Secretary Misri said, 'In view of the trade negotiations between the two countries that are currently paused, the two leaders also decided to instruct their officials to take it up at an early date. The two leaders agreed to stay in touch and meet once again at the earliest possible opportunity.' This meeting marked a positive step towards reviving India-Canada relations with a focus on multiple strategic areas and renewed diplomatic engagement. As part of this renewed engagement, Prime Minister Narendra Modi arrived at the Pomeroy Kananaskis Mountain Lodge in Canada on Tuesday to attend the G7 Summit, where Canadian PM Mark Carney warmly received him at the venue in Kananaskis, Alberta. This marks his sixth consecutive participation in the G7 Summit and his first visit to Canada in a decade. PM Modi received a ceremonial welcome at the Calgary airport, where India's acting high commissioner, Chinmoy Naik, was among those who received him. Upon arriving in Calgary, Canada, PM Modi on Monday (local time) said he will meet various leaders at the G7 Summit and share his thoughts on important global issues. PM Modi said he will also emphasise the priorities of the Global South. This visit is part of PM Modi's three-nation official tour, which began with Cyprus and will conclude with Croatia. In a post on X, PM Modi stated, 'Landed in Calgary, Canada, to take part in the G7 Summit. Will be meeting various leaders at the Summit and sharing my thoughts on important global issues. Will also be emphasising the priorities of the Global South.' Ministry of External Affairs official spokesperson Randhir Jaiswal said that PM Modi will be participating in G7 discussions on the future of energy security, including diversification, technology, infrastructure and investment, to ensure access and affordability in a changing world. 'At the invitation of PM @MarkJCarney, PM @narendramodi arrives in Alberta, Canada for the G7 Summit. PM will be participating in @G7 discussions on the future of energy security, including diversification, technology, infrastructure and investment, to ensure access and affordability in a changing world. PM will also hold several bilateral meetings on the sidelines,' Jaiswal posted on X. The Prime Minister arrived in Canada after concluding his visit to Cyprus. PM Modi's visit to Canada marks a significant moment in bilateral ties following a phase of strained diplomatic relations. On Monday, India's Acting High Commissioner to Canada, Chinmoy Naik, expressed optimism over discussions set to be held between Prime Minister Narendra Modi and his Canadian counterpart, Mark Carney, on the sidelines of the G7 Summit in Alberta. Speaking to ANI, Naik stated that PM Modi has been invited to the G7 Summit by Carney and noted that India will be participating in the G7 Summit as a guest country for the sixth time. He stated that India at the G7 Summit will speak about energy security, innovation, and new technologies like AI. The G7 Summit is an annual gathering of leaders from the United States, United Kingdom, France, Germany, Japan, Italy, Canada, and the European Union (EU). This marks PM Modi's sixth consecutive participation in the G7 Summit. (ANI)
Canada Standard
10 minutes ago
- Canada Standard
"Concluding a productive Canada visit": PM Modi departs for Croatia after attending G7 Summit
Kananaskis [Canada], June 18 (ANI): Prime Minister Narendra Modi concluded his visit to Canada, where he participated in the G7 Summit and departed for Croatia. During his visit, PM Modi expressed gratitude to the people and government of Canada for hosting a successful G7 Summit and underscored how India remains committed to the cause of global peace, prosperity and security. In a post on X, PM Modi wrote, 'Concluding a productive Canada visit. Thankful to the Canadian people and Government for hosting a successful G7 Summit, which witnessed fruitful discussions on diverse global issues. We remain committed to furthering global peace, prosperity and sustainability.' The Ministry of External Affairs (MEA) also highlighted the significance of the visit in a post on X, stating, 'PM @narendramodi concludes a very productive visit to Canada! Held fruitful dialogue on key issues in the global context of energy security, technology, and innovation at the @G7 Summit. Met with several leaders & discussed bilateral ties. Next stop- Croatia' Prime Minister Narendra Modi had arrived at the Pomeroy Kananaskis Mountain Lodge in Canada on Tuesday to attend the G7 Summit. Canadian Prime Minister Mark Carney received PM Modi as he arrived at the summit venue in Kananaskis, Alberta. In a series of high-level meetings held on the sidelines of the G7 Summit in Canada, PM Modi highlighted India's efforts to strengthen global partnerships and champion the cause of the Global South. He held discussions with Ursula von der Leyen, President of the European Commission. Antonio Costa, President of the European Council. Building on these interactions, PM Modi emphasised solidarity with the Global South after meetings with leaders from Brazil and South Africa. He described 'outstanding conversations' with President Cyril Ramaphosa of South Africa and President Luiz Inacio Lula da Silva of Brazil, reaffirming their shared commitment to addressing issues vital to the Global South and working towards a better future for coming generations. Alongside these engagements, Prime Minister Narendra Modi also held insightful deliberations with Prime Minister Shigeru Ishiba of Japan on the sidelines of the G7 Summit in Canada. (ANI)
