EPWCF - Empower Clinics announces plans to spin out wholly owned subsidiary
2023-08-01 10:29:18 ET
- Empower Clinics ( OTC:EPWCF ) said on Tuesday that it plans to spin out a wholly owned subsidiary (Subco).
- EPWCF added it intends to "vend in a healthcare artificial intelligence technology or service company."
- According to EPWCF, it expects to spin out the unit as a new issuer on the Canadian Securities Exchange.
- "Empower shareholders will receive Subco shares distributed directly to the shareholders of Empower on a pro-rata basis.", said EPWCF in a statement .
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Empower Clinics announces plans to spin out wholly owned subsidiary