Top Strike Resources Corp (TSE:VENI) has released an update.
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Vencanna Ventures Inc. has completed its acquisition of The Cannavative Group, significantly enhancing its position in the U.S. cannabis market, particularly following the DEA’s decision to reclassify cannabis to Schedule III. This reclassification is expected to reduce taxes for cannabis businesses, potentially increasing sector profitability. The deal, made through an all-share transaction, could result in a total issuance of 224.3 million equity securities, depending on the achievement of certain financial milestones by Cannavative.
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