Trigen Resources Inc. has entered into a letter of intent dated Sept. 13, 2017, with Bliss Co Holdings Ltd., a private corporation existing under the laws of Canada, with its head office in Vancouver, B.C., pursuant to which Trigen is proposing to complete a business combination with BlissCo by way of share exchange, merger, amalgamation, arrangement or similar form of transaction, whereby the security holders of BlissCo will become security holders of the combined entity. Upon completion of the proposed transaction the resulting issuer will continue to carry on the business of BlissCo as currently constituted, under the new name BlissCo or such other name as may be approved by the board of directors of the resulting issuer and the TSX Venture Exchange or, if applicable, the Canadian Securities Exchange. The proposed transaction is an arm’s-length transaction and will constitute a reverse takeover of Trigen by BlissCo, pursuant to exchange policies. In connection with the proposed transaction, the resulting issuer will apply to list its common shares on either the TSX-V or the CSE.
TORONTO, Feb. 26, 2018 /CNW/ – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company“) (TSXV:FIRE), is pleased to announce that it has completed a $3,000,000 strategic equity investment (the “Investment“) in BlissCo Cannabis Corp. (“BlissCo”). BlissCo is a company located in Vancouver, British Columbia that has applied to become a Licensed Producer under the Access to Cannabis for Medical Purposes Regulations (the “ACMPR“). BlissCo was formed on the completion of a reverse takeover transaction involving Trigen Resources Inc. and Bliss Co Holdings Ltd. that closed concurrently with the Investment. Trading of BlissCo is expected to commence by February 28, 2018 on the Canadian Securities Exchange under the symbol BLIS. Pursuant to the Investment, Supreme holds an approximate 10.1% ownership interest in BlissCo.
BlissCo is constructing an urban Access to Cannabis for Medical Purposes Regulation (ACMPR) cultivation facility with a focus on being a high-volume packager, processor and distributor of recreational cannabis when it is legal in Canada, which is currently anticipated to be by July, 2018, and of medical cannabis. It recently took ownership of its 12,600-square-foot industrial facility in Langley, B.C., and considering the May, 2017, changes Health Canada announced to the licensing process BlissCo is confident that its licence will be earned shortly after completing construction.
Bliss Co Holdings Ltd. received their license for cultivation on March 29, 2018.
2700 – 700 West Georgia Street
Vancouver, BC V7Y 1B8 CAN
For further information: Damian Kettlewell, CEO, 778 840 8049, firstname.lastname@example.org