Hempsana Holdings Ltd. Completes Acquisition of Hempsana Inc.

July 12, 2021

Hempsana Holdings Ltd. (formerly Stralak Resource Inc.) completed a previously announced three‑cornered amalgamation to acquire Hempsana Inc., making Hempsana a wholly‑owned subsidiary. The combined company will focus on manufacturing cannabis derivatives and extracts (including vapeables, topicals and infused consumables) from Hempsana's Health Canada standard processing licensed and EU‑GMP‑compliant facility; HHL's shares are expected to trade on the Canadian Securities Exchange under the ticker HMPS.

Buyers
Hempsana Holdings Ltd.
Targets
Hempsana Inc.
Sellers
Former shareholders of Hempsana Inc.
Industry
Pharmaceuticals
Location
Ontario, Canada
Transaction Type
Buyout

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