SOL Global’s CannCure And Goldstream Announce Signing of Definitive Business Combination Agreement
Toronto, ON – February 20, 2020 – SOL Global Investments Corp. (“SOL Global”) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) and Goldstream Minerals Inc. (“Goldstream”) (NEX: GSX.H) are pleased to announce that Goldstream and CannCure Investments Inc. (“CannCure”), a portfolio company of SOL Global, have entered into a definitive business combination agreement (the “Combination Agreement”) which, subject to certain conditions and applicable shareholder and regulatory approvals, including, without limitation, approval from the Florida Department of Health, Office of Medical Marijuana Use, will result in a reverse takeover of Goldstream by CannCure (the “Proposed Transaction”). The resulting issuer from the Proposed Transaction (the “Resulting Issuer”) will carry on the business of CannCure as a U.S. multi-state cannabis company (the “MSO”). The Resulting Issuer will initially operate in the State of Florida via One Plant Florida (formerly 3 Boys Farm LLC) and in the event that its proposed acquisition of ECD Holdings Inc. (d/b/a as “Northern Emeralds”) is completed, will begin operations in the State of California. As was previously announced, Brady Cobb will step down as CEO and a director of SOL Global to lead the new MSO effective upon the closing of the Proposed Transaction. Closing of the Proposed Transaction is expected to occur in late April, 2020 or such other date as may be mutually agreed to by the parties.
The Combination Agreement
Under the terms of the Combination Agreement, the Proposed Transaction will be completed by way of a three-cornered amalgamation involving a wholly-owned subsidiary of Goldstream amalgamating with CannCure to form a single, wholly-owned subsidiary of the Resulting Issuer. In connection with the
Proposed Transaction, Goldstream will reconstitute its board of directors and management team and change its name to “Bluma Wellness Inc.” or such other similar name as may be accepted by the relevant regulatory authorities (the “Name Change”) and the Resulting Issuer will conduct its business
under the new name.