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Re: POTN FAN post# 24217

Tuesday, 10/16/2018 11:04:30 AM

Tuesday, October 16, 2018 11:04:30 AM

Post# of 35395
"The target public holding company in this transaction is considered a vehicle for affecting a spinoff of PURA's cannabis cultivation business. The current operations in the target public holding company are not considered strategic to the cannabis cultivation spinoff. The current assets of the target public company are expected to be divested at some point in the future and the minimal liabilities of the target public company are intended to be eliminated in the planned recapitalization. The target public company, Nouveau Life Pharmaceuticals, Inc., (NOUV) ("NOUV") will be renamed after the execution of the prospective spinoff transaction.

The prospective spinoff transaction is ultimately structured as a reverse merger involving comprehensive terms that include a change of control. Once all terms of the comprehensive transaction have been completed, the current majority shareholder of PURA, is slated to also become the majority shareholder of target public company which will then be an independently traded cannabis cultivation company. All parties intend to promptly initiate 1.) the recapitalization of the target public company, and 2.) the corresponding conversion of the $1.2 million note into common stock of the target public company, as well as 3.) the dividend distribution of the converted stock to the shareholders of PURA, following the sale of the cannabis cultivation business to the target public company. Look for an announcement indicating the sale has closed after September 30, 2018"
https://finance.yahoo.com/news/puration-announces-loi-spinoff-cannabis-131500268.html

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