Examples of Nova Shares in a sentence
Following completion of the Transaction, including the Amalgamation and the Concurrent Financing, Alcanna holds approximately 63% of the Nova Shares, and the former YSS Corp.
As the holders of the Basic Warrants will receive a fixed number of Nova Shares for each warrant when exercised, the warrants meet equity classification criteria under IFRS and have therefore, been measured at fair value on the Transaction closing date and recorded to contributed surplus immediately.
As the holders of stock options will receive a fixed number of Nova Shares for each option when exercised, the options meet equity classification criteria under IFRS and have therefore, been measured at fair value on the Transaction closing date and recorded to contributed surplus immediately upon closing of the Transaction.
As the holders of the Basic Warrants will receive a fixed number of Nova Shares for each warrant when exercised, the warrants meet equity classification criteria under IFRS and have therefore, been measured at fair value on the Nova Transaction closing date and recorded to contributed surplus immediately.
As the holders of stock options will receive a fixed number of Nova Shares for each option when exercised, the options meet equity classification criteria under IFRS and have therefore, been measured at fair value on the Nova Transaction closing date and recorded to contributed surplus immediately upon closing of the Nova Transaction.
Following closing of the Transaction but prior to giving effect to the Concurrent Financing, as defined below, the former YSS shareholders held approximately 17.5% and Alcanna held approximately 82.5% of the Nova Shares, calculated on a basic non-diluted basis.
Pursuant to the Agreement, Nova acquired all of the equity securities of the NCS Entities and in exchange, the Company issued 35,750,000 Nova Shares to Alcanna.Management performed an analysis under IFRS 3, Business Combinations, and has determined that NCS LP is the accounting acquirer of Nova Cannabis Inc.
Subsequent transactions with non-controlling interests, including the issuance of additional Nova Shares through the Concurrent Financing, have been recognized as an adjustment to the non-controlling interest equal to the proportionate share of net assets given up to new shareholders.
Pursuant to the Agreement, the Company sold all the equity securities of the NCS Entities and in exchange, was issued 35,750,000 Nova Shares.
Pursuant to the Agreement, the Company sold all the equity securities of the ACS Entities and in exchange, was issued 35,750,000 Nova Shares.