Friday, May 30, 2025

Latest

MYM Nutraceuticals Terminates LOI To Acquire Crop Corp

Crop Infrastructure Corp (CSE: CROP) and MYM Nutraceuticals (CSE: MYM) have ended their short lived proposed arrangement, with MYM announcing this morning that it has terminated the previously announced non-binding letter of intent. No justification for the cancellation of the proposed arrangement was provided.

MYM Nutraceuticals Logo

The two firms had previously announced on November 7 that MYM had signed a binding letter of intent to acquire all assets of Crop Corp. As per the few details provided, Crop shareholders were to receive one share of MYM for every 10.5 shares held of Crop Corp. The transaction was to mark a renewed business strategy for MYM, who has struggled with acquisitions and execution as of late.

With the proposed merger now called off, MYM has released that it is still in discussions with Crop Infrastructure Corp in relation to acquiring certain strategic assets from the firm. However, it should be noted that Crop doesn’t own a majority stake in any of its assets currently. Crop Corp, for their part, announced that they are in discussions with both MYM and “additional parties” for “alternative transactions focused on specific assets of the Company.”

MYM Nutraceuticals last traded at $0.17, while Crop Corp last traded at $0.02 on the CSE.


Information for this briefing was found via Sedar, MYM Nutraceuticals and Crop Infrastructure Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

MYM Nutraceuticals: Is it Finally their Time?

MYM Nutraceuticals (CSE: MYM) recently announced that its first cannabis grow facility is on schedule...

Sunday, November 12, 2017, 10:00:04 AM

Crop Corp In Default on Nevada THC Property, Secured Debt

Crop Infrastructure Corp (CSE: CROP) halted equity trading this morning prior to putting out a...

Friday, October 11, 2019, 11:25:43 AM

MYM Nutraceuticals Commences Planting at Nevada Joint Venture

MYM Nutraceuticals Inc. (CSE: MYM) announced yesterday that they and their joint venture partner, Elite...

Friday, June 14, 2019, 07:00:24 AM

MYM Nutraceuticals Attempts to Back Out of BioHemp Naturals Deal Two Weeks After Closing

It appears MYM Nutraceuticals (CSE: MYM) love for hemp has come to an abrupt end....

Thursday, August 15, 2019, 10:36:44 AM

Why Crop Infrastructure Corp Failed to Post Revenues

Crop Infrastructure Corp (CSE: CROP) filed its year end financials for FY18 last Friday, posting...

Wednesday, July 3, 2019, 07:00:49 AM