Creso Pharma to be acquired by Canadian listed PharmaCielo.

Another interesting day in the marijuana industry...

Wonder if this could benefit our re-listing...

Creso Pharma Limited (ASX:CPH) (“Creso Pharma”) is pleased to announce it has enteredinto a scheme implementation agreement with PharmaCielo Limited (TSXVCLO)(“PharmaCielo”), under which PharmaCielo will acquire Creso Pharma.



Under the Share Scheme, Creso Pharma shareholders will receive 0.0775 PharmaCielo sharesfor each Creso Pharma share held representing an offer price of AUD$0.63 per Creso Pharmashare (based on the three day VWAP of PharmaCielo shares for the three trading days ending4 June 2019 of AUD$8.1261 (“PCLO VWAP”)). This is a 50% premium to Creso Pharmashareholders based on the closing price of Creso Pharma shares on 6 June 2019.