HRVOF - M&A Updates: Harvest One/Delivra Is A Good Looking Nano-Cap Cannabis Merger
Harvest One (OTCPK:HRVOF) - Delivra (OTC:DLRVF)
Spread: 10% (no borrow on IB)
This is another deal in the Canadian cannabis industry. The transaction is very small (C$19m) and the consideration stands at 0.595 Harvest One shares per one Delivra Share (11% premium to the unaffected price). Both boards have already approved the merger and the shareholders meeting is set to happen in two months. The approval of two thirds is needed and so far 29% of the shareholders have agreed to support. It seems that regulatory consent will not be an