SMGHStrathroy Middlesex General Hospital (Canada)
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Avicanna and SMGH came to a non-binding agreement in January 2018 for the acquisition by Avicanna of 60% interest in SMGH and the parties began working with each other for the financing and operation of SMGH since that time.
SMGH constitutes a joint venture arrangement between Avicanna and Daabon in which Avicanna is required to provide financial and non -financial contributions, most of which Avicanna commenced in early 2018.
SMGH is a federally licensed and vertically integrated cannabis company based in Santa Marta, Colombia.
As an Avicanna subsidiary, SMGH leverages the intellectual property and advanced scientific know-how of Avicanna's team to execute its business model which includes cultivation, extraction, manufacturing, analytical testing and commercialization of its final products.
SMGH is situated on, and owns, a 16 hectare parcel of land on the Caribbean coast near Santa Marta.
This acquisition in SMGH provides enhanced infrastructure and access to duty-free zones for the development of a global distribution network.
Steve Morison is part owner of SMGH Racing Club, alongside former Norwich City team-mate Grant Holt.
Morison was referring to Muskerry Messi, a May 11 trained, like all the SMGH Racing Club dogs by Jim Daly, who has won four from six races, rising through the grades and who is now likely to head for a puppy open at Romford next.
Holt commented: "It's a great way to relax away from football, but the SMGH club is also about getting as many people involved as possible in the sport in a costeffective way.
Shirts, books, boots and a signed ball were donated to the local RGT raffle by the SMGH Racing Club
Daabon has agreed to dedicate all of its cannabis activities through SMGH, allowing Avicanna to capitalize on Daabon's well established global roots in the agricultural industry.
The transaction contemplates: i) Avicanna's acquisition of a 60% controlling interest of the total issued and outstanding shares of SMGH and ii) the issuance of 1,477,818 of Avicanna common shares, equivalent to 11.2% of its total issued and outstanding common shares as at April 30, 2018.