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BRIEF-Organto Agrees To Sell Colombian Cannabis Subsidiary

Published 2019-06-27, 08:39 a/m
BRIEF-Organto Agrees To Sell Colombian Cannabis Subsidiary
OGO
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June 27 (Reuters) - Organto Foods Inc OGO.V :

* PRESS RELEASE - ORGANTO AGREES TO SELL COLOMBIAN CANNABIS SUBSIDIARY

* ORGANTO FOODS INC SAYS TO SELL SHARES OF MEDICANNABIS S.A.S., TO XEBRA BRANDS LTD. FOR COMBINATION OF SHARES OF XEBRA, CASH AND FORGIVENESS OF DEBT

* ORGANTO FOODS - UNDER TERMS OF AGREEMENT, ORGANTO, FORMER SHAREHOLDERS, CERTAIN ADVISORS OF MEDICANNABIS WILL RECEIVE TOTAL OF 10 MILLION SHARES OF XEBRA

* ORGANTO FOODS INC SAYS XEBRA INTENDS TO SEEK A PUBLIC LISTING ON TSX VENTURE EXCHANGE

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