CV Sciences Inc (CVSI)

[Wolf-man jack]

WISE WQLF SAYS; Thank YQU Doc. Could there be another company involved with the Acquisition? According to JD he stated in the conference call he mentioned the European company being a plant based food company. JD also mentioned non-CBD nutraceuticals. Could there be another company involved with the M&A process? Such as CV Sciences division/subsidiary that includes the CV-007 IP?
Reverse Triangular Merger Overview and Examples

“ A reverse triangular merger is a new company that forms when an acquiring company creates a subsidiary, that subsidiary purchases the target company, and the target company then absorbs the subsidiary.”

“ At least 50% of the payment in a reverse triangular merger is the stock of the acquirer, and the acquirer gains all assets and liabilities of the seller.”

https://www.investopedia.com/terms/r/rtm.asp

Continuity Of Business Enterprise Doctrine

https://www.investopedia.com/terms/c/continuity-of-business-enterprise-doctrine.asp

“ We are transitioning to become a global health and wellness company that will not only participate in the CBD category, but also leverage our strengths to pursue non-CBD nutraceuticals and other plant-based food products.”

“ We are excited about the short- and long-term opportunity for our company, the CBD category and the global health and wellness opportunity that we are pursuing as part of our M&A strategy. We are working through the final details of the M&A transaction I mentioned earlier in my remarks and are looking to close before the end of the year.

We are continuing to look at other domestic M&A opportunities and select international opportunities. We are making continuous improvement to ensure that we are scaled properly, operating efficiently and are focused on adding long-term shareholder value. ”

“ During the quarter, we launched our plan to transition to a global health and wellness company that will use M&A as a vehicle to leverage the strengths and assets of our Company. We are thrilled to announce the first step in this plan with the signing of a non-binding letter of intent to acquire a plant-based food company in Europe, which will allow us to leverage our core competitive advantages to drive long-term growth and shareholder value."

Dr. Joong J Fang Said; According to JD. The “ We are thrilled to announce first step of the plan” What is the second step?

Acquisition vs. Takeover vs. Merger
The words acquisition and takeover mean almost the same thing, but they have different nuances on Wall Street.

An acquisition generally describes a primarily amicable transaction, where both firms cooperate. A takeover, on the other hand, suggests that the target company resists or strongly opposes the purchase. The term merger is used when the purchasing and target companies mutually combine to form a completely new entity.

But, because each acquisition, takeover, and merger is a unique case, with its own peculiarities and reasons for undertaking the transaction,

the exact use of these terms tends to overlap in practice.

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https://www.investopedia.com/terms/a/acquisition.asp