Chlormet to Acquire AAA Heidelberg
Chlormet Technologies Inc. (CSE:PUF) announced that it has signed a formal share exchange agreement to take over AAA Heidelberg, which owns an 8,800-square-foot commercial building and land in Ontario. The building and land have been made into a medical marijuana grow facility.
As quoted in the press release:
The Company will issue the shareholders of AAA Heidelberg a total of eighteen million three hundred and fifty thousand (18,350,000) shares in exchange for the remaining 83.5% ownership stake in AAA Heidelberg that Chlormet does not already own.
Yari Nieken, CEO of Chlormet, commented:
Since being introduced to this opportunity we have been working toward the closing of this acquisition. We believe in the significant potential of this business opportunity.