Yes, NOUV is being acquired by P*RA. P*RA is going to use the NOUV shell to reverse merge their cannabis cultivation business into.
Important note: NOUV will be restructured, but the restructuring details will not be released until after the deal closes. Also, as part of the deal, P*RA will receive a $1.2mil convertible note from NOUV. P*RA can convert this note into shares of NOUV, which will then be given to P*RA shareholders as part of a dividend.
"The spinoff transaction is structured whereby PURA shareholders are to receive one share of target public company stock for every five shares of PURA stock that they hold."
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