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Hempsana and Stralak Resources Enter into Business Combination Agreement


On April 23, 2021, Hempsana Inc. and Stralak Resources Inc. entered into a business combination agreement whereby Stralak will acquire all the outstanding securities of Hempsana. The transaction is structured as a three-cornered amalgamation pursuant to which Hempsana will amalgamate with a wholly-owned subsidiary of Stralak to form a new corporation (the “Resulting Issuer”) and each shareholder of Hempsana will receive one common share of the Resulting Issuer for each Hempsana share they currently own.

Prior to completion of the transaction, Stralak will, among other things, change its name to Hempsana Holdings Ltd. or such other name as determined by Hempsana.

Cassels is acting for Hempsana.

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