On April 304, 2015, GreenSpace Brands Inc. (“GreenSpace”) (TSXV:JTR) completed a qualifying transaction (the “Qualifying Transaction”) consisting of the acquisition of all of the issued and outstanding shares in the capital of Life Choices Natural Food Corp. (“Life Choices”) by way of three-cornered amalgamation of Life Choices Natural Foods Corp. (“Life Choices”) with GreenSpace and a wholly-owned subsidiary of GreenSpace.
In connection with the completion of the Qualifying Transaction, Life Choices completed a private placement, led by Canaccord Genuity Corp., for gross proceeds of $5.3 million.
Canaccord Genuity Corp. retained a team from McMillan to assist on the private placement and the associated qualifying transaction. The McMillan team consisted of Adam Kline, Hilary Hennick, Joanna Vatavu and Rhena Verayo.
Aird & Berlis LLP represented GreenSpace on the transaction.
As a result of the completion of the Qualifying transaction, GreenSpace will undertake the business of Life Choices as developer, marketer and seller of premium convenience natural food products to consumers across Canada. Greenspace’s original brand, ‘Life Choices’ features premium convenience meat products made with a variety of combinations of grass fed and pasture raised meats (meat raised without the use of added hormones and antibiotics). Life Choices owns Rolling Meadow Dairy (Canada’s first grass fed dairy product line), Holistic Choice (a natural pet food line) and Yamba Yogurts (an Australian style yogurt line). All brands are wholly owned by Life Choices and retail in a variety of natural and mass food retail locations across Canada.
GreenSpace trades on the TSX Venture Exchange under the symbol TSXV: JTR (Join The Revolution).
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