Phivida Holdings Completes Acquisition Of Wikala.Com

GW
Gowling WLG

Contributor

Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.
On May 29, 2019, Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) closed its previously announced acquisition of Canadian e-commerce technology firm, Wikala.com Inc.
Canada Corporate/Commercial Law

On May 29, 2019, Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) closed its previously announced acquisition of Canadian e-commerce technology firm, Wikala.com Inc.

Under the transaction, Phivida acquired all of the issued and outstanding common shares of Wikala in return for common shares of Phivida. The consideration payable represented a total transaction value of $22.5 million.

Phivida is headquartered in Vancouver, British Columbia with operations in San Diego, California. Phivida is a premium functional food and beverage company focused on whole plant nutrition and natural ingredients. The company infuses active hemp extract/CBD into a variety of premium beverages and personal care products for everyday health.

Wikala.com Inc. is headquartered in Toronto, Ontario with operations in Belgrade, Serbia. The Wikala core team includes e-commerce professionals with decades of combined experience in online marketing, content creation and e-commerce sales. Wikala has successfully become a major content player in the cannabis sector.

Read the original article on GowlingWLG.com.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More