CanadaBis Capital Ends Arrangement Agreement with Simply Solventless

CanadaBis Capital ( (TSE:CANB) ) has shared an announcement.

CanadaBis Capital Inc. has terminated its Arrangement Agreement with Simply Solventless Concentrates Ltd., which was intended for SSC to acquire all issued and outstanding shares of CanadaBis. The decision to terminate was due to a ‘Material Adverse Change’ concerning SSC, deemed in the best interest of CanadaBis shareholders and stakeholders. Consequently, all voting and support agreements related to the transaction have been automatically terminated, and a special meeting of CanadaBis shareholders has been canceled.

Spark’s Take on TSE:CANB Stock

According to Spark, TipRanks’ AI Analyst, TSE:CANB is a Neutral.

CanadaBis Capital, Inc.’s stock holds a moderate score due to financial performance challenges and a high valuation. However, positive corporate events and technical trends provide some optimism. Strategic financing and acquisitions position the company for potential growth amid operational challenges.

To see Spark’s full report on TSE:CANB stock, click here.

More about CanadaBis Capital

CanadaBis Capital Inc. is a vertically integrated Canadian cannabis company focused on achieving large-scale growth in the global cannabis market. The company places specific attention on supplying the fast-emerging concentrates category through their Stigma Grow cultivation and BHO extraction facility.

YTD Price Performance: 58.33%

Average Trading Volume: 214,710

Technical Sentiment Signal: Hold

Current Market Cap: C$13.13M

See more insights into CANB stock on TipRanks’ Stock Analysis page.