Biome Grow, a cannabis company with licensed producer holdings, announced the conditional approval from the Canadian Securities Exchange (CSE) to list on the exchange through a three-cornered amalgamation transaction.
As quoted in the press release:
Biome Grow (“Biome” or the “Company”) is pleased to announce that Orca Touchscreen Technologies Ltd. (CSE:OAA) (“Orca”) has received conditional approval from the Canadian Securities Exchange (the “CSE“) for the listing of the common shares in the capital of the Company (the “Common Shares”) upon closing of the previously announced three-cornered amalgamation transaction (the “Transaction”) among Biome, Orca, and 151856 B.C. Ltd. (“Orca Sub”). Closing of the Transaction and the listing of the Common Shares is subject to a number of conditions including, but not limited to, the satisfaction of all closing conditions pursuant to the Amalgamation Agreement (defined below), the completion of all remaining CSE filing requirements, and the receipt of final approval from the CSE.
Trading in common shares of the Company under the proposed symbol BIO will commence upon closing of the Transaction, which has been conditionally approved. Upon closing of the Transaction, the Board of Directors of Biome will be comprised of J. Mark Lievonen, Stephen Poirier, George Smitherman, Brett James, and interim Chief Executive Officer Khurram Malik.