Canadian Cannabis Producer Maricann to Trade Publicly

Published by NCV Newswire


TORONTO, ONTARIO, Dec 15, 2016 (Marketwired via COMTEX) — TORONTO, ONTARIO–(Marketwired – Dec 15, 2016) – Danbel Ventures Inc. (“Danbel” or the “Company”) is pleased to announce that it has entered into a binding letter agreement (the “Letter Agreement”) with MariCann Inc. (“MariCann”), to acquire a 100% interest in MariCann which will constitute a reverse takeover of Danbel by the shareholders of MariCann (the “Transaction”). As presently contemplated, it is expected that the Transaction will be completed by way of a merger under the Business Corporations Act (Ontario) or similar business combination transaction. The parties intend to apply for listing of the Resulting Issuer’s common shares on the TSX Venture Exchange (“TSXV”), with such listing to be effective concurrently with the completion of the Transaction (the “Listing Date”).

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