Core One Labs Inc. (CLABF)

[Sam Dan]

Great news!!
("LDS" or the "Company") and TransCanna Holdings Inc. (CSE: TCAN, XETR: TH8) ("TransCanna") have mutually agreed to terminate the non-binding letter of intent ("LOI") dated June 28, 2019, whereby LDS and TransCanna would combine in an amalgamation transaction. After receipt from TransCanna of a request to modify the terms of the amalgamation, the Company's management determined that the proposed transaction would not be in the best interests of its shareholders and, as a result, the LOI has been terminated by mutual agreement. Neither LDS nor TransCanna has requested or provided any proprietary information to the other party, nor have they conducted any due-diligence with respect to the transaction proposed in the LOI.

The Company will continue to update the market on all events as they become relevant"
I suspect that my post re possible BCSE ruling that management would NOT be allowed to vote their shareholdings in any vote re the proposed take over was REAL. But not sure that was the reason.
The FACT that over 30 vulture law firms were lined up with class action lawsuits may have been the catalyst as well!