Ontario, Toronto, July 10, 2018Agreement and Plan of Share Exchange • July 10th, 2018 • Target Group Inc. • Services-amusement & recreation services
Contract Type FiledJuly 10th, 2018 Company IndustryEffective June 27, 2018, Target Group Inc. (CDBY) (the Company” entered into an Agreement and Plan of Share Exchange (“Exchange Agreement”) with Visava Inc., a private Ontario, Canada corporation (“Visava”). Visava owns 100% of Canary Rx Inc., a Canadian corporation that is the late stage ACMPR applicant with Health Canada. Canary Rx Inc. holds a leasehold interest in a 40,000 sq. ft. parcel of property located in Ontario’s Garden Norfolk County for the production of approximately 3,600,000 gr. of cannabis per year with a focus on producing curated cannabis products. On June 27, 2018, Canary Rx Inc. received a letter of readiness from Health Canada and will finish the buildout of the 40,000 sq. ft. facility within the next 90-120 days.