Subversive Acquisition LP Announces Extension of Permitted Timeline for Completion of Its Qualifying Transaction
TORONTO, April 08, 2021 (GLOBE NEWSWIRE) —
SUBVERSIVE ACQUISITION LP (TSX: SVX.U, NEO: SVX.U, OTCQX: SBVRF) (“
SVX”) announced today that the date by which SVX has to consummate its qualifying transaction is extended to August 31, 2021 (the “
Extension”).
On January 26, 2021, SVX announced its qualifying transaction to combine with InterCure Ltd. (dba Canndoc) (TASE: INCR), Israel’s leading cannabis company (the “
Business Combination”). Canndoc, a wholly owned subsidiary of InterCure Ltd., is Israel’s largest licensed cannabis producer.
On April 6, 2021, unitholders approved the Business Combination, with over 89.36% of the votes cast in favour of the plan of arrangement (the “