RWBYF - Toronto Weed Producer Announces Successful Bidder For Sale And Investment Process | Benzinga
Aleafia Health Inc. (OTCQB: ALEAF) (TSX: AH) announced on Thursday that Red White & Bloom Brands Inc. (OTCEM: RWBYF) (CSE: RWB) has been selected as the successful bidder pursuant to the court-approved sale and investment solicitation process in connection with the previously announced proceedings of Aleafia and certain of its subsidiaries under the companies’ Creditors Arrangement Act.
What Happened
On August 22, 2023, the Ontario Superior Court gave the green light to the terms of a SISP which included a stalking horse asset purchase and share subscription agreement pursuant to which RWB would acquire certain assets from Aleafia and subscribe for shares of certain subsidiaries of Aleafia if RWB were to ...