Sounds like a reverse takeover to me, where TerraFarma would become the parent, and Beleave a subsidiary. The press release did mention exchanging Beleave securities for TerraFarma securities.
Another possible outcome could be TerraFarma absorbs Beleave under the TerraFarma brand, and the Beleave brand goes away. This would be my preference since Beleave doesn't use the same ultra premium Landrace genetics TerraFarma uses.
TerraFarma appears to target the high end market. Beleave/7Oaks is more of a mid tier brand price wise. Simpler to change the name to avoid customer confusion over genetic quality differences between the brands. Top quality is what consumers want. Always imho glta
Beleave Announces Non-Binding LOI with TerraFarma Inc.
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