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.

Click here to read the full Chlormet Technologies Inc. (CSE:PUF) press release.