Nouveau Life Pharmaceuticals Inc (NOUV)

[Topchef]

PURA confirmed the sell to NOUV on Thursday.

PURA has sold its cannabis cultivation business in exchange for a convertible purchase note issued by NOUV. PURA and NOUV have agreed to a recapitalization plan for NOUV and a post recapitalization conversion of the purchase note into a number of common NOUV shares sufficient to issue one NOUV common share for every five shares of PURA common shares issued and outstanding. All of the NOUV common shares issued in conversion of the purchase note are slated for distributed to PURA shareholders in a dividend distribution. PURA management plans to present further details on the transaction announced today in conjunction with the company’s overall cannabis infused beverage business expansion in an online presentation one week from today, on Thursday, October 11th, 2018.

SOURCE:
https://ih.advfn.com/p.php?pid=nmona&article=78398899