MediPharm Labs Corp. Acquires VIVO Cannabis Inc.

April 1, 2023

Effective April 1, 2023, MediPharm Labs Corp. completed an all-equity arrangement to acquire all outstanding shares of VIVO Cannabis Inc., making VIVO a wholly-owned subsidiary. Under the arrangement, former VIVO shareholders received 0.2910 MediPharm common shares per VIVO share and MediPharm issued approximately 107,930,964 shares as consideration; VIVO shares are expected to be delisted from the Toronto Stock Exchange.

Buyers
MediPharm Labs Corp.
Targets
VIVO Cannabis Inc.
Sellers
Former VIVO shareholders
Industry
Pharmaceuticals
Location
Ontario, Canada
Transaction Type
Buyout

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